Theme 1 Diagrams

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16 Terms

1
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PPF

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2
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Supply and demand

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3
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Consumer and producer surplus

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4
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PED (different elasticities)

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5
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PES (different elasticities)

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6
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Specific tax

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7
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Ad Valorem tax

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8
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Subsidy

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9
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Guaranteed minimum price scheme

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10
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Non-guaranteed minimum price scheme

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11
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Maximum price scheme

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12
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Negative externality

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13
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Positive externality

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14
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Tax on negative externality

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15
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Pollution permit on negative externality

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16
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Subsidy on positive externality

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