最低工资-上海杉达学院.pptVIP

* The government makes sellers pay a $1.50 on each pizza they sell. The new, red supply curve reflects sellers’ supply as a function of the after-tax price. * NOTE: On this and subsequent slides, “PB” denotes the price buyers pay and “PS” denotes the price sellers receive. (The Chapter 8 PowerPoint uses the same notation for the welfare analysis of taxes.) The government makes buyers pay a $1.50 on each pizza they purchase. The new demand curve (in red, labeled D2) reflects buyers’ demand as a function of the after-tax price. The original demand curve (D1) still reflects buyers’ deman