Prices
The unit for Price
What is dollars
The definition of excise tax
What is a government imposed tax on goods and services
The label used at the end of a supply curve
What is S
The label at the end of a demand curve
What is 'D'
The example did Mr Griffin used when he was explaining subsidies?
What is Electric Cars
The abbreviation of PE
What is Price equilibrium
The label used at the end of shifted supply curve as a result of an excise tax
What is excise tax
The label used at the end of shifted supply curve
What is S1
The label used at the end of shifted demand curve
What is D1
The payment made by government to producers
What is Subsidies
The abbreviation of Price Consumers pay
What is PC
The reason behind taxing de-merit goods
What is decreasing consumer consumption to improve society
The amount of main steps Mr Griffin uses when writing about change in shift
What is 5
If the demand curve shifts to the right what is the effect on the demand
What is demand decreases
The terms QS<QD are used when there is a
What is a Shortage
What is price floor and price ceiling
The name of excise tax used in NZ
What is GST
The Law of supply
What is the law of supply states that as the price increases the quantity supplied increases ceteris paribus vice versa
The Law of demand
What is the law of demand states that as the price increases the demand decreases ceteris paribus vice versa
The main flow on effect of a price floor
The three price terms used in context with taxes
What is PP, PC, PE
The method to calculate total tax
What is (tax per unit x Q1)
The first action a producer does when there is a Surplus
The consumers reaction to a shortage
What is bid up the price
The main flow on effect of a price ceiling
What is black market