New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

Micro-Economics Notes 5/Lesson 8

by: Paige Holub

Micro-Economics Notes 5/Lesson 8 ECON 2022

Marketplace > University of Colorado Denver > Economcs > ECON 2022 > Micro Economics Notes 5 Lesson 8
Paige Holub

GPA 3.731

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

Hey everyone! I was feeling super under the weather last week, so I only got to lesson 8 notes. These notes include simplistic notions from the ideas of tax burden, tax ex., and elasticity and tax...
Principles of Microeconomics
Brian Duncan
Class Notes
Micro-economics, Economics, Economics Notes
25 ?




Popular in Principles of Microeconomics

Popular in Economcs

This 1 page Class Notes was uploaded by Paige Holub on Sunday February 28, 2016. The Class Notes belongs to ECON 2022 at University of Colorado Denver taught by Brian Duncan in Winter 2016. Since its upload, it has received 28 views. For similar materials see Principles of Microeconomics in Economcs at University of Colorado Denver.


Reviews for Micro-Economics Notes 5/Lesson 8


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 02/28/16
Paige DeWitt-Holub 2/22 “Lecture #7 I. Important Quota II. Per Unit Tax III. A Consumer and Producer Burden” Price floor: -graph, complicated but necessary What is the logic behind the implementation of a minimum wage - > common sense  Smaller amount of money still within living means/standards DWL = C+E Import Quota: II. Per Unit Tax -some places in the world trade off not having tax for having higher priced commodities “Lecture #8: I. Per unit tax A. Tax burden B. Tax example C. C. Elasticity and tax burden Per Unit Tax: Demand curve graph is shifted down by a tax increase, is shifted up by a tax relief Prices are in relationship to the amount being bought by the business and then also the amount being sold to buyers (all different, but the price the buyer pay is usually higher- difference is considered to be the tax, sellers aren’t going to sell the item at a lower price simply because there is a tax involved) Dead Weight Loss: occurs when buyers have a demand for an item that is reasonably priced and the sellers still can’t manage to sell it -in one example, the consumer lost after tax, sellers don’t gain money, might lose buyers or the ability to change price although you will gain tax revenue -> money can be tracked as being a part of exchange in an economic system ** always make you that you have a straight edge especially for the equilibrium of prices, etc.


Buy Material

Are you sure you want to buy this material for

25 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Steve Martinelli UC Los Angeles

"There's no way I would have passed my Organic Chemistry class this semester without the notes and study guides I got from StudySoup."

Kyle Maynard Purdue

"When you're taking detailed notes and trying to help everyone else out in the class, it really helps you learn and understand the I made $280 on my first study guide!"

Bentley McCaw University of Florida

"I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"


"Their 'Elite Notetakers' are making over $1,200/month in sales by creating high quality content that helps their classmates in a time of need."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.