Posted: March 1st, 2013

Economic

Instructions: 

1.    You are asked to write an analytical essay that responds to the proposition below.  You must take a position to agree or disagree with the proposition.  You must defend your position using appropriate tools from this class, including but not limited to the concepts and tools of (1) supply and demand, (2) tax incidence and (3) the price elasticity of demand. 
2.    What you will need to do to complete this assignment is to draw on your own paper the appropriate supply and demand diagram(s)

3.    Words like “I think” and “I believe” and purely normative arguments are unacceptable.