Essential Foundations of Economics Zusammenfassungen

This in-class lecture on chapter 7 discusses the following topics: tax incidence, efficiency, burden of tax, excess burden of tax, incidence, inefficiency, elasticity, price ceilings, rent ceilings, black market, price floors, minimum wage, and quota. There is also a homework review for chapter 6 included at the end.

This in-class lecture on chapter 7 discusses the following topics: tax incidence, efficiency, burden of tax, excess burden of tax, incidence, inefficiency, elasticity, price ceilings, rent ceilings, black market, price floors, minimum wage, and quota. There is also a homework review for chapter 6 included at the end.