International Baccalaureate (Important equations) Economics Fichas sobre Chapter 4: Government Intervention Important Equations , creado por Jasmine Wells el 30/11/2015.
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How to find new supply function when there is a tax?
Pre: Qs= c+dP
How to find consumer surplus
How to find producer surplus
How to calculate welfare loss
Identifying tax burden of consumers and producers
How to find new supply function when there is a subsidy?
Pre: Qs= c +dP
Calculating shortage: Excess demand
Calculating surplus: Excess supply
