Homework answers / question archive / Shift in Consumer and Producer Surplus 1) The government will tax a good for various reasons, resulting in a fall in equilibrium quality while the prices rise

Shift in Consumer and Producer Surplus 1) The government will tax a good for various reasons, resulting in a fall in equilibrium quality while the prices rise

Economics

Share With

Shift in Consumer and Producer Surplus

1) The government will tax a good for various reasons, resulting in a fall in equilibrium quality while the prices rise. Could someone explain how price controls and taxes have influenced your purchasing choices.

2) Give an example of a shift in consumer and producer surplus. How did it affect the market efficiency? Please explain.