【正文】 tic 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(wú)鄰，荒居舊業(yè)貧。 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(mén)九派通。 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。 20:27:4720:27:4720:272/28/2023 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。 2023 by Harcourt, Inc. The Price 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 $4 120 Quantity supplied 80 Quantity demanded Surplus Harcourt, Inc. items and derived items copyright 169。 Tax Levied on Buyers... Quantity of IceCream Cones 0 Price of IceCream Cone 100 D1 Supply, S1 A tax on buyers shifts the demand curve downward by the size of the tax ($). D2 Copyright 169。 :27:4720:27:47February 28, 2023 1他鄉(xiāng)生白發(fā)，舊國(guó)見(jiàn)青山。 , February 28, 2023 閱讀一切好書(shū)如同和過(guò)去最杰出的人談話(huà)。 :27:4720:27Feb2328Feb23 1越是無(wú)能的人，越喜歡挑剔別人的錯(cuò)兒。 。 Tax Levied on Buyers... Price sellers receive Copyright 169。 2023 by Harcourt, Inc. All rights reserved 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 The Incidence of Tax ?In what proportions is the burden of the tax divided? ?How do the effects of taxes on sellers pare to those levied on buyers? The answers to these questions depend on the elasticity of demand and the elasticity of supply. Elastic Supply, Inelastic Dem