#865601

#865601: An … price is one where the quantity that people are willing to supply equals the quantity that people are willing to demand.

An … price is one where the quantity that people are willing to supply equals the quantity that people are willing to demand.
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  • Equilibrium

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Тематика: Микро- и макроэкономические основы рыночного ценообразования Теория отраслевых рынков Экономическая мысль дорыночной экономики
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The study of how the equilibrium price and quantity change when the underlying demand and supply curves change is another example of … statics. When a good is taxed, there will always be two prices: the price paid by the demanders and the price received by the suppliers. The difference between the two represents the amount of the …. How much of a tax gets passed along to consumers depends on the relative steepness of the demand and supply curves. If the supply curve is horizontal, all of the tax gets passed along to consumers; if the supply curve is vertical, … of the tax gets passed along. The deadweight loss of a tax is the net loss in consumers’ surplus plus producers’ surplus that arises from imposing the tax. It measures the value of the output that is not sold due to the presence of the tax. A situation is Pareto efficient if there is no way to make some group of people better off without making some other group worse off.