Class Notes for Economics at Pennsylvania State University

Government Policies and treh ALlocation of Resources Each of the po...

Questions are from teachers handout...answers are in my own words 1...

Questions are from my professor and the answers are in my own words...

Questions are from my professor, answers are in my own words. 1. An...

The Staircase Shape of the WTP and the Demand Curve The Staircase s...

Questionsgraphs are from my professor answers are in my own words 1...

Questions are from my professor and answers are in my own words. 1....

Questions are from my professor. Answers are in my own words The on...

Questions are from my professor.. Answers are in my own words Think...

Price elasticity and total revenue If demand is elastic then price ...

Government policies that alter the private market outcome To summar...

Total revenue of E_d 1. If E_d>1 and price is going up then. Total ...

Elasticity Basic idea is the measure how much one variable responds...

28 slope= > CONSTANT s ;pmg as tpi areon the SAME LINE, but ELASTIC...

Taxes Perunit tax vs percentage tax Imposition of tax: which side i...

l e a r n • r e f e r e n c e • r e v i e w permacharts TM ...

Take a look at the big picture. This chart covers national income a...

l e a r n • r e f e r e n c e • r e v i e w permacharts TM ...

l e a r n • r e f e r e n c e • r e v i e w permacharts TM ...