PPT-Quality, Quantity, and Price:

Implications for Taxing Unhealthy Items John Gibson University of Waikato Motu PPS Wellington December 1 2016 Introduction Taxes on unhealthy items like sugarsweetened beverages SSBs are increasingly advocated. QUESTION: CAN A BUSINESS ALWAYS INCREASE REVENUES BY INCREASING PRICES?. MOST PEOPLE WOULD SAY. “YES”. BUT, REMEMBER THE “DEMAND CURVE”. BUYERS WILL RESPOND – BUY LESS WHEN PRICE UP; BUY MORE WHEN PRICE DOWN. 3. Shane Murphy. s.murphy5@lancaster.ac.uk. Office Hours: Monday 3:00-4:00 – LUMS C86. Outline. Roll . Call. Problems. Discussion. Chapter 7: Exercise 7. Why might we want to think about market price as the outcome of a bargaining model?. Taggert J. Brooks. Module 08. Supply and demand: . Price Controls. Why Governments Control Prices. The market price moves to the level at which the quantity supplied equals the quantity demanded.. BUT . Quotas. Students will analyze the implications of a quota system in the real world to demonstrate understanding of a quota. NYC Taxi Medallion. 1930s = 11,787. 2014 = 13,257. Issued for a fee of $10.00 per license. 9. Perfect Competition In A Single Market. . Objectives. What are . perfectly competitive . markets. How . prices are determined in . a . perfectly competitive . market. Why entry . and exit of . firms occur and its effects. Quotas. Students will analyze the implications of a quota system in the real world to demonstrate understanding of a quota. NYC Taxi Medallion. 1930s = 11,787. 2014 = 13,257. Issued for a fee of $10.00 per license. Public Sector Economics. Price Regulation: Examples. Rent control (ceiling). Minimum wage (floor). College athletes work . without cash comp (ceiling). Biblical prohibitions of usury (ceiling). Organ donation (ceiling). Group Members. Christine Nguyen. Kelsey . Kado. Kelsie. . Lofland. Sofie. . Zarrabi. Finding the Total Cost Curve . The data given by the plant manager can be used to estimate a total cost curve . By defining . and . quantity controls. , two kinds of government interventions in . markets price . and quantity controls create problems and can make a market inefficient. 2. .What . deadweight . loss is. 3. Why . I. . A change in demand. II. A change in supply.  . I . only . B) II only . C. ) Both I and II . D. ) Neither I nor II. If other factors are held constant, a decrease in supply . causes. quantity . supplied to decrease. . Public Sector Economics. Price Regulation: Examples. Rent control (ceiling). Minimum wage (floor). College athletes work . without cash comp (ceiling). Biblical prohibitions of usury (ceiling). Organ donation (ceiling). by Casey B. Mulligan and Kevin K. . Tsui. Types of price regulation. Joint price-quantity regulation. Conscription = price ceiling supply mandate. Price ceiling with limits on purchasing. Price floor with limits on selling. The Upside-down Economics of Regulated and Otherwise Rigid Prices by Casey B. Mulligan and Kevin K. Tsui Types of price regulation Joint price-quantity regulation Conscription = price ceiling + supply mandate by Erwin Diewert. University of British . Columbia . Vancouver School of Economics. Group of Experts on Consumer Price Indices. UNECE Meeting. June 4, 2021, Geneva . 1. Introduction. The paper takes a consumer demand perspective to the problem of...