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Econ 202 Wku Kevin Owens Exam 2 Questions With Correct Answers

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ECON 202 WKU KEVIN OWENS EXAM 2 QUESTIONS WITH CORRECT ANSWERS

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Tax Revenue Formula


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Find the middle box. Subtract top and bottom price then
multiply by quantity after tax.




Supply in a transaction goes to:


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buyers that will pay the most

, Consumer Surplus


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the benefit from paying less than the most that they are
willing to pay




Market Producer Surplus


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1/2 base height of trangle. Basically, price times quantity




Market Consumer Surplus Formula


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