《西方经济学》双语课件PPTch06-Supply, Demand, and Government Policies.pptVIP

In this chapter, look for the answers to these questions: What are price ceilings and price floors? What are some examples of each? How do price ceilings and price floors affect market outcomes? How do taxes affect market outcomes? How does the outcome depend on whether the tax is imposed on buyers or sellers? What is the incidence of a tax? What determines the incidence? Government Policies That Alter the Private Market Outcome Price controls Price ceiling: a legal maximum on the price of a good or service. Example: rent control. Price floor: a legal minimum on the price