AP Economics – 10/09/18
I Bellwork- Page 499 Figure 50.1 – SHOW YOUR WORK
- Calculate the consumer surplus in the demand curve as it intersects the vertical axis at $50
- Calculate the producer surplus in the supply curve as it intersects the vertical axis at $15
- Calculate the total surplus
II. Objective:
- Graph and Calculate the change in consumer surplus, producer surplus, resulting from excise taxes
- Graph and calculate the deadweight loss and revenue from taxes resulting from an excise tax
III. Discussion/Notes
Taxes on Producers- Microeconomics 2.11 ACDC Econ
Deadweight Loss, Consumer & Producer Surplus- Microeconomics 2.7 (Holiday Edition)
https://www.youtube.com/watch?v=dbuU8S1x0Ro
Taxation and dead weight loss | Microeconomics | Khan Academy
IV. Classwork
- Worksheet 2.7 on iLearn
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