【正文】
ice Ceiling on Gasoline Is Not Binding... $4 P1 Quantity of Gasoline 0 Price of Gasoline Q1 Demand Supply Price ceiling 1. Initially, the price ceiling is not binding... The Price Ceiling on Gasoline Is Binding... P1 Quantity of Gasoline 0 Price of Gasoline Q1 Demand S1 Price ceiling S2 2. … but when supply falls... P2 3. … the price ceiling bees binding... 4. … resulting in a shortage. Rent Control in the Short Run... Quantity of Apartments 0 Rental Price of Apartment Demand Supply Controlled rent Shortage Supply and demand for apartments are relatively inelastic Rent Control in the Long Run... Quantity of Apartments 0 Rental Price of Apartment Demand Supply Controlled rent Shortage Because the supply and demand for apartments are more elastic... … rent control causes a large shortage A Price Floor That Is Not Binding... $3 Quantity of IceCream Cones 0 Price of IceCream Cone 100 Equilibrium quantity Equilibrium price Demand Supply Price floor 2 A Price Floor That Is Binding... $3 Quantity of IceCream Cones 0 Price of IceCream Cone Equilibrium price Demand Supply Price floor $4 120 Quantity supplied 80 Quantity demanded Surplus Harcourt, Inc. items and derived items copyright 169。 20:27:4720:27:4720:27Tuesday, February 28, 2023 1乍見翻疑夢(mèng),相悲各問年。 20:27:4720:27:4720:272/28/2023 8:27:47 PM 1成功就是日復(fù)一日那一點(diǎn)點(diǎn)小小努力的積累。 下午 8時(shí) 27分 47秒 下午 8時(shí) 27分 20:27: 楊柳散和風(fēng),青山澹吾慮。 2023年 2月 下午 8時(shí) 27分 :27February 28, 2023 1業(yè)余生活要有意義,不要越軌。 20:27:4720:27:4720:27Tuesday, February 28, 2023 1知人者智,自知者明。 2023年 2月 28日星期二 下午 8時(shí) 27分 47秒 20:27: 1楚塞三湘接,荊門九派通。 2023年 2月 下午 8時(shí) 27分 :27February 28, 2023 1行動(dòng)出成果,工作出財(cái)富。 Tax on Sellers... Quantity of IceCream Cones 0 Price of IceCream Cone 100 90 S1 S2 Demand, D1 Price without tax Price sellers receive $ Price buyers pay Equilibrium without tax A tax on sellers shifts the supply curve upward by the amount of the tax ($). Tax ($) Equilibrium with tax A Payroll Tax Quantity of Labor 0 Wage Wage without tax Labor demand Labor supply Tax wedge Wage firms pay Wage workers receive Elastic Supply, Inelastic Demand... Quantity 0 Price Demand Supply Tax 1. When supply is more elastic than demand... 2. ...the incidence of the tax falls more heavily on consumers... 3. ...than on producers. Price without tax Price buyers pay Price sellers receive Inelastic Supply, Elastic Demand... Quantity 0 Price Demand Supply Price without tax Tax 1. When demand is more elastic than supply... 2. ...the incidence of the tax falls more heavily on producers... 3. ...than on consumers. Price buyers pay Price sellers receive 靜夜四無鄰,荒居舊業(yè)貧。 2023 by Harcourt, Inc. All ri