AP Economics – 10/08/19
I. Bellwork: How to calculate deadweight loss
A. Questions: Using the graph from the video
SHOW YOUR WORK
a. What is the quantity of the tax?
b. How much of that tax is paid by sellers and how much by consumers?
c. What is the change to consumer and producer surplus?
Objectives:
Analyze, interpret, and construct economic models in order to solve a problem
Determine the impact of an excise tax on consumer and producer surplus as well as discuss the incidence of a tax
Explain and demonstrate the impact of price ceiling and price floors and consumer and producer surpluses
ievaluate information and apply tests in order to determine elasticity
Classwork
Page 528-531 MC 1-17 & FRQ #1
Section 9 Test Review on iLearn
Test tomorrow – Modules 46-50
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