Peter J Wilcoxen > Supplementary Exercises

Demand, Supply and Markets

Problems on demand, supply, market equilibrium, consumer surplus, producer surplus, deadweight loss and efficiency.

Basic Skills: Practice solving for a market equilibrium or calculating consumer surplus, producer surplus, tax or subsidy revenue, and deadweight loss. These are pure math problems: they do not involve real world applications.
Cross Subsidies in Two Hypothetical Markets: A practice problem on cross-subsidies.
Cross-Subsidies in Local Telephone Service: Telephone service prior to deregulation in the 1980's.
Effect of an Oil Import Tariff: Examines the short-term effects using data for 2005.
Federal Work-Study Program: The effects on local labor markets.
OPEC Price Increase: Using methods from class to do a quick analysis of the US oil market.
Pizza Market: Demand, supply and taxes.
Property Tax Exemption for Homeowners: A qualitative analysis of the New York state STAR program.
Seattle Espresso Tax: Back of the envelope analysis of the Starbucks tax recently rejected by Seattle voters.

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Peter J Wilcoxen, The Maxwell School, Syracuse University
Revised 09/29/2009