ECON 2030 Study Guide - Midterm Guide: Bundesautobahn 63, Bundesautobahn 60
Document Summary
Increase; remain unchanged: remain unchanged; remain unchanged, greater than, equal to, less than, third; less than 1. 5, second; equal to 1. 5, second; greater than 1. 5, third; greater than 1. 5, first; less than 1. 5, a toll highway is an example of, a private good, an artificially scarce good, a common resource, a public good a. Increased by : decreased by , remain unchanged, clean air is, unit elastic, price inelastic, relatively more price elastic than supply, price elastic, excludable and rival in consumption, excludable and non rival in consumption, non excludable and non rival in consumption, non excludable and rival in consumption from, public goods, artificially scarce goods, private goods, common resources, a binding quantity restriction can be an effective tool for dealing with the market failure resulting, the smaller the amount of an excise tax, everything else held constant, the _________ the deadweight loss will be from the tax.
