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Все вопросы
- The term v(n) − pn is called consumer’s surplus. #381
- If a single consumers is involved we can add up each consumer’s surplus across all the consumers to create an aggregate measure of the consumers’ surplus. #382
- This is called the equivalent variation in income since it is the income change that is opposite to the price change in terms of the change in utility. #383
- People try to choose the best patterns of consumption that they can afford. This is known as: #384
- the area above the supply curve is known as producer’s surplus. #385
- The … curve measures how much people will be willing to supply of some good at each price. #386
- An … price is one where the quantity that people are willing to supply equals the quantity that people are willing to demand. #387
- The study of how the equilibrium price and quantity change when the underlying demand and supply curves change is another example of … statics. #388
- 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 …. #389
- 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. #390