ECON 1P91 Lecture Notes - Lecture 7: Crispus Attucks, Townshend Acts, Middle Egypt
30 Oct 2018
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ECON 1P91 Full Course Notes
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Start of lecture (cid:888): october (cid:884)(cid:891)"(cid:884)(cid:882)(cid:883)(cid:889: market for construction workers, baby boomers - 1964-1968, 1930s -1945: should take advice from them as they have faced ww2 and the great depression. Death and taxes: the reason why canadian government refuses to solve the problem for shortages: those people. From an economic point of view: criminal b/c no matter what happens to the funding of a police woman she will be okay if she marries a drug dealer. Taxes: taxes can be imposed on either producers or consumers, however, who pays the tax depends on the elasticities of supply and demand, the party with a higher elasticity pays less in tax. Wedge technique: example; we have a tax of /unit, on producers, first draw a vertical line, with a length of 2, then, stick this line on the left hand side of your supply and demand curve.
