Copyright © 2004 South-Western 6 Supply, Demand, and Government Policies.

Slides:



Advertisements
Similar presentations
1 Supply, Demand and Government Policies Chapter 6.
Advertisements

Supply, Demand and Government Policies Chapter 6 Copyright © 2001 by Harcourt, Inc. All rights reserved. Requests for permission to make copies of any.
Repealing the Laws of Supply and Demand: Price Controls
Copyright © 2004 South-Western Supply, Demand, and Government Policies.
Chapter 6 Supply, Demand, and Government Policies 2002 by Nelson, a division of Thomson Canada Limited.
Copyright © 2004 South-Western 6 Supply, Demand, and Government Policies.
Copyright © 2004 South-Western 6 Supply, Demand, and Government Policies.
6 Supply, Demand, and Government Policies. Copyright © 2004 South-Western/Thomson Learning 2 Supply, Demand, and Government Policies In a free, unregulated.
© 2007 Thomson South-Western. Supply, Demand, and Government Policies In a free, unregulated market system, market forces establish equilibrium prices.
Putting Supply and Demand Together. Defining and Moving to Equilibrium Both supply and demand work Equilibrium the point at which the quantity – At equilibrium,
Supply, Demand and Government Policies Chapter 6 Copyright © 2004 by South-Western,a division of Thomson Learning.
Supply, Demand and Government Policies
PRICE CONTROLS: PRICE CEILINGS, PRICE FLOORS, AND TAXES.
Copyright © 2006 Thomson Learning 6 Supply, Demand, and Government Policies.
10/22/20141 Supply, Demand, and Government Policies Chapter 6.
LECTURE #5: MICROECONOMICS CHAPTER 6 Government Intervention Policy Objectives Policy Tools.
3 SUPPLY AND DEMAND II: MARKETS AND WELFARE. Copyright © 2004 South-Western 7 Consumers, Producers, and the Efficiency of Markets.
Copyright © 2004 South-Western 5 Elasticity and Its Application.
1 Applications of Supply & Demand Chapter 4. 2 Model this using a S & D diagram But an even bigger problem is the consumers themselves. That's because.
Copyright © 2004 South-Western 6 Supply, Demand, and Government Policies.
1 Supply, Demand and Government Policies Chapter 6.
C h a p t e r f o u r © 2006 Prentice Hall Business Publishing Economics R. Glenn Hubbard, Anthony Patrick O’Brien—1 st ed. Prepared by: Fernando & Yvonn.
Copyright©2004 South-Western 30 Money Growth and Inflation Money Growth and Inflation.
Chapter 3 The Demand for Labor. Copyright © 2003 by Pearson Education, Inc.3-2.
Applications of Supply and Demand Chapter 4 Price Controls Floor Ceilings Who benefits from each: sellers or buyers?
Supply, Demand, and Government Policies
Copyright © 2004 South-Western 6 Supply, Demand, and Government Policies.
Supply, Demand, and Government Policies Outline:  Analyze various types of government policy using tools of demand and supply –Policies controlling prices.
© 2013 Cengage Learning SUPPLY, DEMAND, AND GOVERNMENT POLICIES 6.
Supply, Demand and Government Policies Chapter 6 Copyright © 2001 by Harcourt, Inc. All rights reserved. Requests for permission to make copies of any.
Copyright © 2004 South-Western 6 Supply, Demand, and Government Policies.
Chapter 3 Government Control of Prices in Mixed Systems.
Chapter 6 notes Supply, Demand, and Government Policies.
© 2007 Thomson South-Western. CONTROLS ON PRICES Controls on Prices are enacted when … –policymakers believe the market price is unfair to buyers or sellers.
Principles of Microeconomics
© 2009 South-Western, a part of Cengage Learning, all rights reserved C H A P T E R Supply, Demand, and Government Policies E conomics P R I N C I P L.
Copyright © 2006 Nelson, a division of Thomson Canada Ltd. 6 Supply, Demand, and Government Policies.
Principles of Economics Ohio Wesleyan University Goran Skosples Supply, Demand, and Government Policies 6. Supply, Demand, and Government Policies.
Chapter 6 Supply, Demand and Government Policies
Copyright © 2011 Cengage Learning 6 Supply, Demand, and Government Policies.
Copyright © 2004 South-Western/Thomson Learning Today’s Warm Up Imagine a law was passed that prevented the price of bottled water from increasing above.
Chapter 6 Supply, Demand, and Government Policies Supply, Demand, and Government Policies 1. Price Ceiling 2. Price Floor 3. Effect of Taxes 4. Tax Incidence.
Review of Demand. A Tip for PPT animation Use PowerPoint to Animate an Excel Chart
Supply, Demand, and Government Policies  In a free, unregulated market system, who or what establishes Eq Q and Eq P?  Equilibrium conditions may be.
Copyright © 2004 South-Western 6 Supply, Demand, and Government Policies.
Copyright © 2004 South-Western 6 Supply, Demand, and Government Policies.
Chapter 3 Government Control of Prices in Mixed Systems: What Are the Actual Outcomes? Copyright © 2010 by the McGraw-Hill Companies, Inc. All rights reserved.
ECN 201: Principles of Microeconomics Nusrat Jahan Lecture-4 ECN 201: Principles of Microeconomics Nusrat Jahan Lecture-4 Supply, Demand and Government.
© 2009 South-Western, a part of Cengage Learning, all rights reserved C H A P T E R Supply, Demand, and Government Policies E conomics E S S E N T I A.
Copyright © 2006 Thomson Learning 8 Application: The Costs of Taxation.
© 2007 Thomson South-Western Supply/Demand Review Video: Price Floor/Ceiling.
How does minimum wage affect society? Chapter 6 Section 3.
Copyright © 2010 Cengage Learning 6 Supply, Demand, and Government Policies.
Chapter Supply, Demand, and Government Policies 6.
© 2011 Cengage South-Western. © 2007 Thomson South-Western Supply, Demand, and Government Policies In a free, unregulated market system, market forces.
Copyright © 2004 South-Western 6 Supply, Demand, and Government Policies.
Copyright © 2004 South-Western 6 Supply, Demand, and Government Policies.
Supply, Demand, and Government Policies
Chapter 6 Supply, Demand and Government Policies
3 The Demand for Labor.
Supply, Demand and Government Policies
Chapter 6 Prices (section 1) Combining Supply and Demand.
3 The Demand for Labor.
Supply, Demand, and Government Policies
A market with a price ceiling
Supply, Demand, and Government Policies
Extensions of Demand and Supply Analysis
Unit 2: Supply, Demand, and Consumer Choice
Government Policies Economics 101.
Presentation transcript:

Copyright © 2004 South-Western 6 Supply, Demand, and Government Policies

Copyright © 2004 South-Western Figure 1a A Market with a Price Ceiling

Copyright © 2004 South-Western Figure 1b A Market with a Price Ceiling

Copyright © 2004 South-Western Figure 2a The Market for Gasoline with a Price Ceiling

Copyright © 2004 South-Western Figure 2b The Market for Gasoline with a Price Ceiling

Copyright © 2004 South-Western Figure 3a Rent Control in the Short Run and in the Long Run

Copyright © 2004 South-Western Figure 3b Rent Control in the Short Run and in the Long Run

Copyright © 2004 South-Western Figure 4a A Market with a Price Floor

Copyright © 2004 South-Western Figure 4b A Market with a Price Floor

Copyright © 2004 South-Western Figure 5a How the Minimum Wage Affects the Labor Market

Copyright © 2004 South-Western Figure 5b How the Minimum Wage Affects the Labor Market

Copyright © 2004 South-Western Figure 6 A Tax on Buyers

Copyright © 2004 South-Western Figure 7 A Tax on Sellers

Copyright © 2004 South-Western Figure 8 A Payroll Tax

Copyright © 2004 South-Western Figure 9a How the Burden of a Tax is Divided

Copyright © 2004 South-Western Figure 9b How the Burden of a Tax is Divided