Unformatted text preview: iii. Government revenue-taxation is a problem -2 equilibrium prices-price buyer pay, price buyers reveice iv. Deadweight loss v. Examples 3. Examples a. Who bears the burden of a tax? b. How is economic surplus affected? III. NEXT TIME A. Finish Chapter 8: “Taxation and Government Intervention” B. Begin Chapter 12: “Production and Cost Analysis I”...
View Full Document
This note was uploaded on 02/14/2012 for the course ECON 2030 taught by Professor Bong during the Fall '07 term at LSU.
- Fall '07