One method of Government intervention is indirect taxation. This video gives some implications
Can you link these explanations to the concepts of consumer and producer surplus? This is linked to the concept of the "burden of taxation".
Also note the difference between the "unit tax" and the "ad valorem" tax.
Showing posts with label producer surplus. Show all posts
Showing posts with label producer surplus. Show all posts
Tuesday, 28 December 2010
Tuesday, 19 October 2010
Producer Surplus
http://www.youtube.com/watch?v=i-z_RmiTNoM&feature=player_embedded
Identify the producer and consumer surplus.
Identify the producer and consumer surplus.
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