AP Micro 8 by Savannah Julius https://padlet.com/8juliuss/apmicro8 Cost of Taxation en-us 2017-11-29 00:06:56 UTC 2025-10-12 14:15:28 UTC hello@padlet.com https://static.pexels.com/photos/9660/business-money-pink-coins.jpg 8juliuss https://padlet.com/8juliuss/apmicro8/wish/211218277 https://docs.google.com/document/d/1UrXSsG3uKXscdjtzDl-ATLyytVTKtDajw-yGOMgzva4/edit ]]> 2017-11-29 00:29:10 UTC https://padlet.com/8juliuss/apmicro8/wish/211218277 with a tax 8juliuss https://padlet.com/8juliuss/apmicro8/wish/211218369 price buyers pay increases

price sellers receive decreases

quantity always decreases

- magnitude of tax wedge determined by elasticity]]> 2017-11-29 00:29:49 UTC https://padlet.com/8juliuss/apmicro8/wish/211218369 How a Tax Affects Market Participants 8juliuss https://padlet.com/8juliuss/apmicro8/wish/211218589 NO TAX
CS: ABC
PS: DEF
Tax Rev: none
TS: ABCDEF

TAX
CS: A
PS: F
Tax Rev: BD
TS: ABDF
--> deadweight loss: CE

]]> 2017-11-29 00:31:53 UTC https://padlet.com/8juliuss/apmicro8/wish/211218589 8juliuss https://padlet.com/8juliuss/apmicro8/wish/211218957 2017-11-29 00:34:41 UTC https://padlet.com/8juliuss/apmicro8/wish/211218957 deadweight loss 8juliuss https://padlet.com/8juliuss/apmicro8/wish/211218969 fall in total surplus that results from market distortion]]> 2017-11-29 00:34:48 UTC https://padlet.com/8juliuss/apmicro8/wish/211218969 taxes cause deadweight losses because they prevent buyers and sellers from realizing some of the gains from trade 8juliuss https://padlet.com/8juliuss/apmicro8/wish/211219097 2017-11-29 00:35:34 UTC https://padlet.com/8juliuss/apmicro8/wish/211219097 before equilibrium is reached 8juliuss https://padlet.com/8juliuss/apmicro8/wish/211219222 value to the buyer exceeds cost to the seller
--> difference = lost gains from trade]]> 2017-11-29 00:36:38 UTC https://padlet.com/8juliuss/apmicro8/wish/211219222 Inelastic Supply 8juliuss https://padlet.com/8juliuss/apmicro8/wish/211219333 2017-11-29 00:37:33 UTC https://padlet.com/8juliuss/apmicro8/wish/211219333 Elastic Supply 8juliuss https://padlet.com/8juliuss/apmicro8/wish/211219492 2017-11-29 00:38:34 UTC https://padlet.com/8juliuss/apmicro8/wish/211219492 Inelastic Demand 8juliuss https://padlet.com/8juliuss/apmicro8/wish/211219554 2017-11-29 00:38:59 UTC https://padlet.com/8juliuss/apmicro8/wish/211219554 Elastic Demand 8juliuss https://padlet.com/8juliuss/apmicro8/wish/211219629 2017-11-29 00:39:31 UTC https://padlet.com/8juliuss/apmicro8/wish/211219629 more elastic, the greater the deadweight loss 8juliuss https://padlet.com/8juliuss/apmicro8/wish/211219714 2017-11-29 00:40:09 UTC https://padlet.com/8juliuss/apmicro8/wish/211219714 Small Tax 8juliuss https://padlet.com/8juliuss/apmicro8/wish/211219933 small deadweight loss]]> 2017-11-29 00:41:43 UTC https://padlet.com/8juliuss/apmicro8/wish/211219933 Medium Tax 8juliuss https://padlet.com/8juliuss/apmicro8/wish/211220024 medium deadweight loss]]> 2017-11-29 00:42:16 UTC https://padlet.com/8juliuss/apmicro8/wish/211220024 Large Tax 8juliuss https://padlet.com/8juliuss/apmicro8/wish/211220111 large deadweight loss]]> 2017-11-29 00:42:49 UTC https://padlet.com/8juliuss/apmicro8/wish/211220111 8juliuss https://padlet.com/8juliuss/apmicro8/wish/211220212 2017-11-29 00:43:39 UTC https://padlet.com/8juliuss/apmicro8/wish/211220212 Laffer Curve 8juliuss https://padlet.com/8juliuss/apmicro8/wish/211220276 supply side economics - Reagan

taxes too high may discourage hard work]]> 2017-11-29 00:44:08 UTC https://padlet.com/8juliuss/apmicro8/wish/211220276