Class Notes (1,100,000)
CA (620,000)
Ryerson (30,000)
ECN (1,000)
ECN 104 (400)
Lecture 6

ECN 104 Lecture Notes - Lecture 6: Demand Curve, Ice Cream Cone, Tax Incidence


Department
Economics
Course Code
ECN 104
Professor
Frank Trimnell
Lecture
6

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CONTROL ON PRICES
Price Ceiling:  !"!!#
Price Floor: !"!!#
HOW PRICE CEILINGS AFFECT MARKET OUTCOME
$!!#%%&!'!
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(
!-.+.+,+.+!&!&"/!
(
HOW PRICE FLOORS AFFECT MARKET OUTCOME
)*!!0!&(
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(
4!0-.+.+,+.+!&!&"/!
0(
EVALUATING PRICE CONTROLS
,'!56!5!2&"
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0(
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%(
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#%'*
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&(
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42""!(
;!!!!(
TAXES
Tax incidence: !"!!!#' !%
&(
HOW TAXES ON BUYERS AFFECT MARKET OUTCOMES
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