Consumer and Producer Surplus; Price Controls
This document defines consumer and producer surplus, showing it on a graph and giving mathematical examples. It has a description of supply elasticity on a graph. It also shows the effects of government price controls on a graph, as well as showing a graph of a tax.
Written for
- Institution
-
Wesleyan University
- Course
-
ECON 110 (ECON110)
Document information
- Uploaded on
- May 23, 2019
- Number of pages
- 2
- Written in
- 2018/2019
- Type
- Class notes
- Professor(s)
- Unknown
- Contains
- All classes