1. Microeconomics
Exam 3 Review

2. Rules

3. Rules
pencil
calculator
right class
on time

4. Chapters

5. Chapters
7, 8, 9

6. Surplus Value
Price
100
90
80
70
60
50
40
30
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

7. Surplus Value
Price
100
90
80
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

8. Surplus Value
Price
100
90
80
Supply
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

9. Surplus Value
Price
100
90
80
Supply
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

10. Surplus Value
Price
100
90
80
Supply
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

11. Surplus Value
Price
100
90
80
Supply
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

12. Surplus Value
Price
100
90
80
Supply
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

13. Surplus Value
Price
100
90
80
Supply
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

14. Surplus Value
Price
100
90
80
Supply
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

15. Surplus Value
Price
100
90
80
Supply
70
Consumer
Surplus
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

16. Surplus Value
Price
100
90
80
Supply
70
Consumer
Surplus
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

17. Surplus Value
Price
100
90
80
Supply
70
Consumer
Surplus
60
50
40
Producer
Surplus
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

18. Surplus Value
Price
100
90
80
70
60
50
40
30
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

19. Surplus Value
Price
100
90
80
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

20. Surplus Value
Price
100
90
80
Supply
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

21. Surplus Value
Price
100
90
80
Supply
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

22. Surplus Value
Price
100
90
80
Supply
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

23. Surplus Value
Price
100
90
80
Supply
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

24. Surplus Value
Price
100
90
80
Supply
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

25. Surplus Value
Price
100
90
80
Supply
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

26. Surplus Value
Price
100
90
80
Supply
70
Consumer
Surplus
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

27. Surplus Value
Price
100
90
80
Supply
70
Consumer
Surplus
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

28. Surplus Value
Price
100
90
80
Supply
70
Consumer
Surplus
60
50
40
Producer
Surplus
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

29. Surplus Value
Price
100
90
80
Supply
70
Consumer
Surplus
60
50
40
Producer
Surplus
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

30. Surplus Value
Price
100
90
80
Supply
70
Consumer
Surplus
60
50
40
Producer
Surplus
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

31. Surplus Value
Price
100
90
80
Supply
70
Consumer
Surplus
60
50
40
Producer
Surplus
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

32. Surplus Value
Price
100
90
80
Supply
70
Consumer
Surplus
60
50
40
Producer
Surplus
30
Demand
20
10
0
0
Surplus 250
1
2
3
4
5
6
7
8
9
10
Quantity

33. Surplus Value
Price
100
90
80
Supply
70
Consumer
Surplus
60
50
40
Producer
Surplus
30
Demand
20
10
0
0
1
2
Surplus 250
Less excess production 40
3
4
5
6
7
8
9
10
Quantity

34. Surplus Value
Price
100
90
80
Supply
70
Consumer
Surplus
60
50
40
Producer
Surplus
30
Demand
20
10
0
0
1
2
Surplus 250
Less excess production 40
Net Surplus 210
3
4
5
6
7
8
9
10
Quantity

35. Surplus Value
Price
100
90
80
70
60
50
40
30
Consumer
Surplus
Supply
Producer
Surplus
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Quantity

36. Surplus Value
Price
100
90
80
70
60
50
40
30
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

37. Surplus Value
Price
100
90
Supply
80
70
60
50
40
30
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

38. Surplus Value
Price
100
90
Supply
80
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

39. Surplus Value
Price
100
90
Supply
80
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

40. Surplus Value
Price
100
90
Supply
80
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

41. Surplus Value
Price
100
90
Supply
80
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

42. Surplus Value
Price
100
90
Supply
80
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

43. Surplus Value
Price
100
90
Supply
80
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

44. Surplus Value
Price
100
90
Supply
80
70
60
50
40
30
Demand
20
10
0
0
1
Cost 70 x 3 = 210
2
3
4
5
6
7
8
9
10
Quantity

45. Surplus Value
Price
100
90
Supply
80
70
60
50
40
30
Demand
20
10
0
0
1
Cost 70 x 3 = 210
Revenue 20 x 3 = 60
2
3
4
5
6
7
8
9
10
Quantity

46. Surplus Value
Price
100
90
Supply
80
70
60
50
40
30
Demand
20
10
0
0
1
Cost 70 x 3 = 210
Revenue 20 x 3 = 60
Loss 210 - 60 = 150
2
3
4
5
6
7
8
9
10
Quantity

47. Surplus Value
Price
100
90
Supply
80
70
60
50
40
30
Demand
20
10
0
0
1
Cost 70 x 3 = 210
Revenue 20 x 3 = 60
Loss 210 - 60 = 150
2
3
4
5
6
7
Producers Lose Money
8
9
10
Quantity

48. Surplus Value
Price
100
90
Supply
80
70
60
50
40
30
Demand
20
10
0
0
1
Cost 70 x 3 = 210
Revenue 20 x 3 = 60
Loss 210 - 60 = 150
2
3
4
5
6
7
Producers Lose Money
No surplus
8
9
10
Quantity

49. Surplus Value
Price
100
90
Supply
80
70
60
50
40
30
Demand
20
10
0
0
1
Cost 70 x 3 = 210
Revenue 20 x 3 = 60
Loss 210 - 60 = 150
2
3
4
5
6
7
Producers Lose Money
No surplus
Negative surplus
8
9
10
Quantity

50. Government Minimum Price
Price
100
90
80
Consumer
Surplus
Supply
70
60
50
40
Producer
Surplus
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

51. Government Minimum Price
Price
100
90
Government
Price
Minimum
80
Consumer
Surplus
Supply
70
60
50
40
Producer
Surplus
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

52. Government Minimum Price
Price
100
90
Government
Price
Minimum
80
Consumer
Surplus
Supply
70
60
50
40
Producer
Surplus
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

53. Government Minimum Price
Price
100
90
Government
Price
Minimum
80
Consumer
Surplus
Supply
70
60
50
40
Producer
Surplus
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

54. Government Minimum Price
Price
100
90
Government
Price
Minimum
80
Consumer
Surplus
Supply
70
60
Loss
50
40
Producer
Surplus
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

55. Government Minimum Price
Price
100
90
Government
Price
Minimum
80
Consumer
Surplus
Supply
70
60
Loss
50
40
Loss
Producer
Surplus
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

56. Government Minimum Price
Price
100
90
Government
Price
Minimum
80
Consumer
Surplus
Supply
70
60
Loss
50
40
Loss
Producer
Surplus
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

57. Government Minimum Price
Price
100
90
Government
Price
Minimum
80
Consumer
Surplus
Supply
70
60
Loss
50
40
Loss
Producer
Surplus
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

58. Government Minimum Price
Price
100
90
Government
Price
Minimum
80
Consumer
Surplus
Supply
70
60
Loss
50
40
Loss
Producer
Surplus
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

59. Government Minimum Price
Price
100
90
Government
Price
Minimum
80
Consumer
Surplus
Supply
70
60
Loss
50
40
Loss
Producer
Surplus
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

60. Government Minimum Price
Price
100
90
Government
Price
Minimum
80
Consumer
Surplus
Supply
70
Consumer Loss
Producer Gain
60
50
40
Loss
Loss
Producer
Surplus
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

61. Government Maximum Price
Price
100
90
80
70
60
50
40
30
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

62. Government Maximum Price
Price
100
90
80
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

63. Government Maximum Price
Price
100
90
80
Supply
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

64. Government Maximum Price
Price
100
90
80
Supply
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

65. Government Maximum Price
Price
100
90
80
Supply
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

66. Government Maximum Price
Price
100
90
80
Supply
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

67. Government Maximum Price
Price
100
90
80
Supply
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

68. Government Maximum Price
Price
100
90
80
Supply
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

69. Government Maximum Price
Price
100
90
80
Supply
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

70. Government Maximum Price
Price
100
90
80
Supply
Consumer
Surplus
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

71. Government Maximum Price
Price
100
90
80
Supply
Consumer
Surplus
70
60
50
40
30
Demand
20
10
0
0
1
2
3
4
5
6
7
8
9
10
Quantity

72. Government Maximum Price
Price
100
90
80
Supply
Consumer
Surplus
70
60
50
40
30
20
10
0
Demand
Producer
Surplus
0
1
2
3
4
5
6
7
8
9
10
Quantity

73. Government Maximum Price
Price
100
90
80
Supply
Consumer
Surplus
70
60
50
40
Government
Price
Maximum
30
20
10
0
Demand
Producer
Surplus
0
1
2
3
4
5
6
7
8
9
10
Quantity

74. Government Maximum Price
Price
100
90
80
Supply
Consumer
Surplus
70
60
50
40
Government
Price
Maximum
30
20
10
0
Demand
Producer
Surplus
0
1
2
3
4
5
6
7
8
9
10
Quantity

75. Government Maximum Price
Price
100
90
80
Supply
Consumer
Surplus
70
60
50
40
Government
Price
Maximum
30
20
10
0
Demand
Producer
Surplus
0
1
2
3
4
5
6
7
8
9
10
Quantity

76. Government Maximum Price
Price
100
90
80
Supply
Consumer
Surplus
70
60
50
40
Government
Price
Maximum
30
20
10
0
Demand
Producer
Surplus
0
1
2
3
4
5
6
7
8
9
10
Quantity

77. Government Maximum Price
Price
100
90
80
Supply
Consumer
Surplus
70
60
Loss
50
40
Government
Price
Maximum
30
20
10
0
Demand
Producer
Surplus
0
1
2
3
4
5
6
7
8
9
10
Quantity

78. Government Maximum Price
Price
100
90
80
Supply
Consumer
Surplus
70
60
Loss
50
Loss
40
Government
Price
Maximum
30
20
10
0
Demand
Producer
Surplus
0
1
2
3
4
5
6
7
8
9
10
Quantity

79. Government Maximum Price
Price
100
90
80
Supply
Consumer
Surplus
70
60
Loss
50
Loss
40
Government
Price
Maximum
30
20
10
0
Demand
Producer
Surplus
0
1
2
3
4
5
6
7
8
9
10
Quantity

80. Government Maximum Price
Price
100
90
80
Supply
Consumer
Surplus
70
60
Loss
50
Loss
40
Government
Price
Maximum
30
20
10
0
Demand
Producer
Surplus
0
1
2
3
4
5
6
7
8
9
10
Quantity

81. Government Maximum Price
Price
100
90
80
Supply
Consumer
Surplus
70
60
Loss
50
Loss
40
Government
Price
Maximum
30
20
10
0
Demand
Producer
Surplus
0
1
2
3
4
5
6
7
8
9
10
Quantity

82. Government Maximum Price
Price
100
90
80
Supply
Consumer
Surplus
70
60
Loss
50
40
Government
Price
Maximum
30
20
10
0
Loss
Consumer Gain
Producer Loss
Demand
Producer
Surplus
0
1
2
3
4
5
6
7
8
9
10
Quantity

83. Tax Analysis
100
Supply
with no tax
90
80
70
60
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

84. Tax Analysis
100
Supply
with no tax
90
80
Buyer
Surplus
70
60
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

85. Tax Analysis
100
Supply
with no tax
90
80
Buyer
Surplus
70
60
50
40
Seller
Surplus
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

86. Tax Analysis
100
Supply
with no tax
90
80
70
60
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

87. Tax Analysis
100
Supply
with no tax
90
80
70
60
Tax of 40 SAR
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

88. Tax Analysis
100
Supply
with no tax
90
40
80
70
60
40
50
Tax of 40 SAR
40
30
40
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

89. Tax Analysis
100
Supply
with 40 SAR tax
90
Supply
with no tax
40
80
70
60
40
50
Tax of 40 SAR
40
30
40
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

90. Tax Analysis
100
Supply
with 40 SAR tax
90
Supply
with no tax
80
70
60
Tax of 40 SAR
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

91. Tax Analysis
100
Supply
with 40 SAR tax
90
Supply
with no tax
80
70
60
Tax of 40 SAR
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

92. Tax Analysis
100
Supply
with 40 SAR tax
90
Supply
with no tax
80
70
60
Tax of 40 SAR
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

93. Tax Analysis
100
Supply
with 40 SAR tax
90
Supply
with no tax
80
70
60
Tax of 40 SAR
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

94. Tax Analysis
100
Supply
with 40 SAR tax
90
Supply
with no tax
80
70
60
Tax of 40 SAR
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

95. Tax Analysis
100
Supply
with 40 SAR tax
90
Supply
with no tax
80
70
60
Tax of 40 SAR
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

96. Tax Analysis
100
Supply
with 40 SAR tax
90
Supply
with no tax
80
70
60
Tax of 40 SAR
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

97. Tax Analysis
100
Supply
with 40 SAR tax
90
Supply
with no tax
80
70
60
Tax of 40 SAR
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

98. Tax Analysis
100
Supply
with 40 SAR tax
90
Supply
with no tax
A
80
70
60
Tax of 40 SAR
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

99. Tax Analysis
100
Supply
with 40 SAR tax
90
Supply
with no tax
A
80
70
B
60
Tax of 40 SAR
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

100. Tax Analysis
100
Supply
with 40 SAR tax
90
Supply
with no tax
A
80
70
B
60
C
Tax of 40 SAR
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

101. Tax Analysis
100
Supply
with 40 SAR tax
90
Supply
with no tax
A
80
70
B
60
C
Tax of 40 SAR
50
D
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

102. Tax Analysis
100
Supply
with 40 SAR tax
90
Supply
with no tax
A
80
70
B
60
C
Tax of 40 SAR
50
E
D
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

103. Tax Analysis
100
Supply
with 40 SAR tax
90
Supply
with no tax
A
80
70
B
60
C
Tax of 40 SAR
50
E
D
40
30
20
F
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

104. Tax Analysis
100
Supply
with 40 SAR tax
90
Supply
with no tax
A
80
70
B
60
C
Tax of 40 SAR
50
E
D
40
30
20
F
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

105. Tax Analysis
100
Supply
with 40 SAR tax
90
Supply
with no tax
A
80
70
B
60
C
Tax of 40 SAR
50
E
D
40
30
20
F
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

106. Tax Analysis
100
Supply
with 40 SAR tax
90
Supply
with no tax
A
80
70
B
60
C
Tax of 40 SAR
50
E
D
40
30
20
F
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

107. Tax Analysis
100
Supply
with 40 SAR tax
90
Supply
with no tax
A
80
70
B
60
C
Taxes
50
E
D
40
Tax of 40 SAR
30
20
F
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

108. Tax Analysis
100
Supply
with 40 SAR tax
90
Buyers
Lose C to
deadweight loss
and lose B to
taxes
Supply
with no tax
A
80
70
B
60
C
Taxes
50
E
D
40
Tax of 40 SAR
30
20
F
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

109. Tax Analysis
100
Supply
with 40 SAR tax
90
Buyers
Lose C to
deadweight loss
and lose B to
taxes
Supply
with no tax
A
80
Sellers
Lose E to
deadweight loss
and lose D to
taxes
70
B
60
C
Taxes
50
E
D
40
Tax of 40 SAR
30
20
F
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

110. Tax Analysis
100
Supply
with 40 SAR tax
90
Buyers
Lose C to
deadweight loss
and lose B to
taxes
Supply
with no tax
A
80
Sellers
Lose E to
deadweight loss
and lose D to
taxes
70
B
60
C
Taxes
50
E
D
40
Tax of 40 SAR
Government
gains B from
buyers and D
from sellers
30
20
F
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

111. Tax Analysis
100
Supply
with 40 SAR tax
90
Buyers
Lose C to
deadweight loss
and lose B to
taxes
Supply
with no tax
A
80
70
B
60
Buyers
C
Sellers
Taxes
Tax of 40 SAR
Total
30
20
0
250
After
E
D
40
D, E F
125
A
45
F
45
B&D
120
210
Change
Taxes
50
A, B, C
125
Lose C
20
Lose B
60
Lose E
20
Lose D
60
Gain B
60
Gain D
60
40
Before
Sellers
Lose E to
deadweight loss
and lose D to
taxes
Government
gains B from
buyers and D
from sellers
F
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10
Tax on Seller with shift Supply curve up by the amount of the tax

112. Export Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

113. Export Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

114. Export Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

115. Export Analysis
100
Domestic
Supply
90
80
World
Price
70
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

116. Export Analysis
100
Domestic
Supply
90
80
World
Price
70
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

117. Export Analysis
100
Domestic
Supply
90
80
World
Price
70
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

118. Export Analysis
100
Domestic
Supply
90
80
World
Price
70
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

119. Export Analysis
100
Domestic
Supply
90
80
World
Price
70
New Demand
Domestic & World
“kink”
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

120. Export Analysis
100
Domestic
Supply
90
80
World
Price
70
New Demand
Domestic & World
“kink”
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

121. Export Analysis
100
Domestic
Supply
90
80
World
Price
70
New Demand
Domestic & World
“kink”
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

122. Export Analysis
100
Domestic
Supply
90
80
World
Price
70
New Demand
Domestic & World
“kink”
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

123. Export Analysis
100
Domestic
Supply
90
80
World
Price
70
New Demand
Domestic & World
“kink”
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
Total Sales
8
9
10

124. Export Analysis
100
Domestic
Supply
90
80
World
Price
70
New Demand
Domestic & World
“kink”
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
Total Sales
8
9
10

125. Export Analysis
100
Domestic
Supply
90
80
World
Price
70
New Demand
Domestic & World
“kink”
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
Total Sales
8
9
10

126. Export Analysis
100
Domestic
Supply
90
80
World
Price
70
New Demand
Domestic & World
“kink”
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10

127. Export Analysis
100
Domestic
Supply
90
80
World
Price
70
New Demand
Domestic & World
“kink”
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10

128. Export Analysis
100
Domestic
Supply
90
Exports
7-3=4
80
World
Price
70
New Demand
Domestic & World
“kink”
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10

129. Export Analysis
100
Domestic
Supply
90
World
Price
Exports
7-3=4
A
80
70
New Demand
Domestic & World
“kink”
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10

130. Export Analysis
100
Domestic
Supply
90
World
Price
70
New Demand
Domestic & World
“kink”
B
60
Domestic
Price
Exports
7-3=4
A
80
50
40
30
20
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10

131. Export Analysis
100
Domestic
Supply
90
World
Price
Exports
7-3=4
A
80
70
B
60
Domestic
Price
New Demand
Domestic & World
“kink”
50
40
C
30
20
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10

132. Export Analysis
100
Domestic
Supply
90
World
Price
Exports
7-3=4
A
80
70
Domestic
Price
D
B
60
New Demand
Domestic & World
“kink”
50
40
C
30
20
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10

133. Export Analysis
100
Domestic
Supply
90
World
Price
Exports
7-3=4
A
80
70
Domestic
Price
D
B
60
New Demand
Domestic & World
“kink”
50
40
C
30
20
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10

134. Export Analysis
Domestic Buyers
pay a higher price
lose B to Sellers
100
Domestic
Supply
90
World
Price
Exports
7-3=4
A
80
70
Domestic
Price
D
B
60
New Demand
Domestic & World
“kink”
50
40
C
30
20
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10

135. Export Analysis
Domestic Buyers
pay a higher price
lose B to Sellers
100
Domestic
Supply
90
World
Price
Exports
7-3=4
A
80
70
Domestic
Price
D
B
60
New Demand
Domestic & World
“kink”
50
40
C
30
20
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10
Domestic Sellers
gain D from
world market
and gain B from
domestic buyers

136. Export Analysis
Domestic Buyers
pay a higher price
lose B to Sellers
100
Domestic
Supply
90
World
Price
Exports
7-3=4
A
80
70
Domestic
Price
D
B
60
New Demand
Domestic & World
“kink”
50
40
C
30
20
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10
Domestic Sellers
gain D from
world market
and gain B from
domestic buyers

137. Export Analysis
Domestic Buyers
pay a higher price
lose B to Sellers
100
Domestic
Supply
90
World
Price
Exports
7-3=4
A
80
70
Domestic
Price
D
B
60
New Demand
Domestic & World
“kink”
50
40
Consumers Lose
Producers Win
C
30
20
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10
Domestic Sellers
gain D from
world market
and gain B from
domestic buyers

138. Import Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

139. Import Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

140. Import Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

141. Import Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
40
World
Price
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

142. Import Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
40
World
Price
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

143. Import Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
40
World
Price
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

144. Import Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
40
World
Price
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

145. Import Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
New Supply
Domestic & World
“kink”
40
World
Price
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

146. Import Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
New Supply
Domestic & World
“kink”
40
World
Price
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

147. Import Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
New Supply
Domestic & World
“kink”
40
World
Price
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

148. Import Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
New Supply
Domestic & World
“kink”
40
World
Price
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

149. Import Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
New Supply
Domestic & World
“kink”
40
World
Price
30
20
10
0
Demand
0
1
2
3
4
5
6
7
Total Sales
8
9
10

150. Import Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
New Supply
Domestic & World
“kink”
40
World
Price
30
20
10
0
Demand
0
1
2
3
4
5
6
7
Total Sales
8
9
10

151. Import Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
New Supply
Domestic & World
“kink”
40
World
Price
30
20
10
0
Demand
0
1
2
3
4
5
6
7
Total Sales
8
9
10

152. Import Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
New Supply
Domestic & World
“kink”
40
World
Price
30
20
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10

153. Import Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
New Supply
Domestic & World
“kink”
40
World
Price
30
20
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10

154. Import Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
New Supply
Domestic & World
“kink”
40
World
Price
30
20
Imports
7-3=4
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10

155. Import Analysis
100
Domestic
Supply
90
80
A
70
60
Domestic
Price
50
New Supply
Domestic & World
“kink”
40
World
Price
30
20
Imports
7-3=4
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10

156. Import Analysis
100
Domestic
Supply
90
80
A
70
60
Domestic
Price
50
B
40
World
Price
New Supply
Domestic & World
“kink”
30
20
Imports
7-3=4
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10

157. Import Analysis
100
Domestic
Supply
90
80
A
70
60
Domestic
Price
50
B
40
World
Price
New Supply
Domestic & World
“kink”
30
C
20
Imports
7-3=4
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10

158. Import Analysis
100
Domestic
Supply
90
80
A
70
60
Domestic
Price
50
B
40
World
Price
New Supply
Domestic & World
“kink”
D
30
C
20
Imports
7-3=4
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10

159. Import Analysis
100
Domestic
Supply
90
80
A
70
60
Domestic
Price
50
B
40
World
Price
New Supply
Domestic & World
“kink”
D
30
C
20
Imports
7-3=4
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10

160. Import Analysis
Domestic Buyers
pay a lower price
gain D from
world sellers
and gain B from
domestic sellers
100
Domestic
Supply
90
80
A
70
60
Domestic
Price
50
B
40
World
Price
New Supply
Domestic & World
“kink”
D
30
C
20
Imports
7-3=4
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10

161. Import Analysis
Domestic Buyers
pay a lower price
gain D from
world sellers
and gain B from
domestic sellers
100
Domestic
Supply
90
80
A
70
Domestic Sellers
lose B to Buyers
60
Domestic
Price
50
B
40
World
Price
New Supply
Domestic & World
“kink”
D
30
C
20
Imports
7-3=4
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10

162. Import Analysis
Domestic Buyers
pay a lower price
gain D from
world sellers
and gain B from
domestic sellers
100
Domestic
Supply
90
80
A
70
Domestic Sellers
lose B to Buyers
60
Domestic
Price
50
B
40
World
Price
New Supply
Domestic & World
“kink”
D
30
C
20
Imports
7-3=4
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10

163. Import Analysis
Domestic Buyers
pay a lower price
gain D from
world sellers
and gain B from
domestic sellers
100
Domestic
Supply
90
Consumers Win
Producers Lose
80
A
70
60
Domestic
Price
50
B
40
World
Price
Domestic Sellers
lose B to Buyers
New Supply
Domestic & World
“kink”
D
30
C
20
Imports
7-3=4
10
0
Demand
0
1
2
3
4
Domestic Sales
5
6
7
Total Sales
8
9
10

164. Tariff Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

165. Tariff Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

166. Tariff Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
40
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

167. Tariff Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
40
World
Price
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

168. Tariff Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
40
World
Price
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

169. Tariff Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
40
World
Price
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

170. Tariff Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
40
World
Price
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

171. Tariff Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
40
World
Price
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

172. Tariff Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
40
World
Price
Tariff of 10
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

173. Tariff Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
40
World
Price
Tariff of 10
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

174. Tariff Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
50
40
World
Price
Tariff of 10
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

175. Tariff Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
Price
with
Tariff
World
Price
50
40
Tariff of 10
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

176. Tariff Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
Price
with
Tariff
World
Price
50
40
Tariff of 10
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

177. Tariff Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
Price
with
Tariff
World
Price
50
40
Tariff of 10
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

178. Tariff Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
Price
with
Tariff
World
Price
50
40
Tariff of 10
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

179. Tariff Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
Price
with
Tariff
World
Price
50
40
Tariff of 10
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

180. Tariff Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
Price
with
Tariff
World
Price
50
40
Tariff of 10
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

181. Tariff Analysis
100
Domestic
Supply
90
80
70
60
Domestic
Price
Price
with
Tariff
World
Price
50
40
Tariff of 10
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

182. Tariff Analysis
100
Domestic
Supply
90
80
A
70
60
Domestic
Price
Price
with
Tariff
World
Price
50
40
Tariff of 10
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

183. Tariff Analysis
100
Domestic
Supply
90
80
A
70
60
Domestic
Price
Price
with
Tariff
World
Price
50
B
40
Tariff of 10
30
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

184. Tariff Analysis
100
Domestic
Supply
90
80
A
70
60
Domestic
Price
Price
with
Tariff
World
Price
50
B
40
C
30
Tariff of 10
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

185. Tariff Analysis
100
Domestic
Supply
90
80
A
70
60
Domestic
Price
Price
with
Tariff
World
Price
50
B
40
C
30
D
Tariff of 10
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

186. Tariff Analysis
100
Domestic
Supply
90
80
A
70
60
Domestic
Price
Price
with
Tariff
World
Price
50
40
C
30
D
B
E
Tariff of 10
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

187. Tariff Analysis
100
Domestic
Supply
90
80
A
70
60
Domestic
Price
Price
with
Tariff
World
Price
50
40
C
30
D
B
E
F
Tariff of 10
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

188. Tariff Analysis
100
Domestic
Supply
90
80
A
70
60
Domestic
Price
Price
with
Tariff
World
Price
50
40
C
30
D
B
E
F
Tariff of 10
G
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

189. Tariff Analysis
100
Domestic
Supply
90
Consumers Lose
Producers Win
Government Wins
Deadweight Losses
80
A
70
60
Domestic
Price
Price
with
Tariff
World
Price
50
40
C
30
D
B
E
F
Tariff of 10
G
20
10
0
Demand
0
1
2
3
4
5
6
7
8
9
10

190. Laissez Faire

191. Laissez Faire
Page 152