微观经济学教学课件：第6章 现实中的市场.pptVIP

* A nice lesson here: Inelastic demand for farm production means that total revenue fluctuates in the opposite direction to the price. The students know this result from Chapter 4 and the total revenue test. But to see its implication for farm incomes brings the point home and shows its relevance. * * * * * * * * Students are always interested in this analysis. The major thing to achieve is an awareness that declaring an activity to be illegal must be backed up with incentives—penalties. And taxes can work as an alternative incentive to achieve an identical outcome in terms of price and quant