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Grade 9-12
,
Lesson

Who Bears the Burden When a Tax Is Imposed on a Good?

Time: 180 mins,
Updated: March 24 2021,
Author: Johanna Botha
Teacher Version
Objective Standards Summary
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Objective

Students will be able to:

  • Determine the value of a function when given the x value.
  • Apply mathematical knowledge of functions to an economic example.
  • Determine the value of a function at a given x value from a graph.
  • Determine the area under straight line graphs.
  • Determine the dead weight loss as well as the portion of tax paid by the producer and consumer using different graphs.
  • Determine whether a given event causes a shift in supply or demand.

Standards

National Standards in Economics

State Standards

Common Core State Standards

Concepts

Demand, Markets and Prices, Roles of Government
Subjects:
Economics,Math

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