this week in microeconomics... Taxes!!!! We're looking at how taxes really affect market prices, supply and demand curves. Specifically relating to how they affect elasticity of goods and services.
This is going to be an interesting week in Micro!
BTW, this textbook is definitely teaching old school supply and demand based economics, not that Keynesian crap that's all the rage these days.
__________________ Sometimes I think that government fits that old-fashioned definition of a baby: An alimentary canal with an appetite at one end and no sense of responsibility at the other.
- Ronald Reagan
Stangless...for now |