Theme 1 Diagrams
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Last updated 8:06 PM on 12/21/25
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16 Terms
1
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PPF
2
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Supply and demand
3
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Consumer and producer surplus
4
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PED (different elasticities)
5
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PES (different elasticities)
6
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Specific tax
7
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Ad Valorem tax
8
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Subsidy
9
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Guaranteed minimum price scheme
10
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Non-guaranteed minimum price scheme
11
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Maximum price scheme
12
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Negative externality
13
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Positive externality
14
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Tax on negative externality
15
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Pollution permit on negative externality
16
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Subsidy on positive externality
Note 
Flashcards (25)