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Discuss how externalities may prevent market equilibrium
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Economics Discuss how externalities may prevent market

equilibrium

magine you have been assigned the responsibility of preparing a paper for the governor's next economic conference. 

Prepare a 1,050-word paper addressing the following:

·         Explain why equilibrium of supply and demand is desirable.

·         Explain the following concepts using the concept of consumer and producer surplus:

o    Efficiency of markets

o    Costs of taxation

o    Benefits of international trade

·         Discuss how externalities may prevent market equilibrium and the various governments policies used to remedy the inefficiencies in markets caused by externalities.

·         Analyze the difference between the efficiency of a tax system and the equity of a tax system as it refers to the costs imposed on taxpayers using the benefits principles.

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Discuss how externalities may prevent market equilibrium
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  • Submitted On 19 Jun, 2017 01:46:44
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Discuss how externalities may prevent market equilibrium Explain why equilibrium of supply and demand is desirable: The words equilibrium is derived as equivalent, here is economy were refer as - when supply and demand are equal (i.e. when the supply function and demand function intersect). At this p...
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