Channel: Jacob Clifford

Category: Education

Tags: microeconomicsgovernmentmicrosubsidyprice controlstopictaxes2.8interventionap

Description: Hey Econ students! I'm back with new videos to help you learn and love economics. This video explores the effects of government intervention including: price ceilings, price floors, subsidies, and taxes. Make sure that you can draw these effects for yourself and calculate things like: consumer surplus, producer surplus, deadweight loss, and tax revenue. If you need practice, be sure to get the Ultimate Review Packet. It will totally help you out. Thanks for watching. You rock! The Ultimate Review Packet acdcecon.com/review-packet Taxes Video youtu.be/9gwTH4Yme8I *NOTE* I am not endorsing animal cruelty. I raise chickens and beleive that all animals, including those bred for meat, should be treatted humanely. The answers to the practice questions are in the comments below. Be sure to let me know how you did.