Supply, Demand, and Government Policies by James DeNicco

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About the Lecture

The lecture Supply, Demand, and Government Policies by James DeNicco is from the course Principles of Microeconomics (EN). It contains the following chapters:

  • A Closer Look at Price Ceiling
  • A Closer Look at Price Floor
  • A Closer Look at Taxes
  • Taxes in the Labour Market
  • Recap

Included Quiz Questions

  1. below; shortage
  2. below; surplus
  3. above; shortage
  4. above; surplus
  1. above; surplus
  2. below; surplus
  3. above; shortage
  4. below; shortage
  1. With inelastic demand and elastic supply, buyers will bear more of the tax burden.
  2. With inelastic demand and elastic supply, sellers will bear more of the tax burden.
  3. With elastic demand and inelastic supply, buyers will bear more of the tax burden.
  4. The division of the tax burden depends on whether the government levies the tax on the buyer or seller.

Author of lecture Supply, Demand, and Government Policies

 James DeNicco

James DeNicco


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