Slide 1 Copyright©2004 South-Western 8 Application: The Costs of Taxation Slide 2 Copyright © 2004 South-Western/Thomson Learning Application: The Costs of Taxation Welfare…

Slide 1 Principles of Microeconomics, Prof. Maclachlan, Spring 2006 1 Externalities, Public Goods and Common Resources Chapters 10, 11 Slide 2 Principles of Microeconomics,…

Slide 1 Slide 2 Applications: The Costs of Taxation & International Trade Chapters 8-9 Slide 3 Figure 1 The Effects of a Tax Copyright © 2004 South-Western Size of tax…

Slide 1 © 2007 Thomson South-Western Slide 2 Application: The Costs of Taxation Welfare economics is the study of how the allocation of resources affects economic well-…

Slide 1 Principles of Micro Chapter 8: “Application: The Cost of Taxation” by Tanya Molodtsova, Fall 2005 Slide 2 We Will Learn: taxes reduce consumer and producer surplus…

Slide 1 Chapter 8 notes Slide 2 Figure 1 The Effects of a Tax Size of tax Quantity 0 Price Price buyers pay Price sellers receive Demand Supply Price without tax Quantity…