Surplus and Tax Incidence

In class student learned how to calculate consumer (willingness to pay - price) and producer surplus (price - cost).  Afterwards, students learned about how taxes are levied and how the tax incidence affects consumer and producer surplus.

The notes and homework are attached.


Notes - Surplus and Tax Incidence

HW - Packet - Surplus and Tax Incidence
          Read Module 51



***Answer Key - Elasticity Packet***