Lecture Microeconomics: Theory and applications (12/e): Chapter 5 - Browning, Zupan

Chapter 5 - Using consumer choice theory. In this chapter students will be able to: Determine how an excise subsidy affects consumer welfare and why it results in a deadweight loss, examine how the public provision of a certain quantity of a good such as education may lead to less consumption of the good, analyze how a voucher program would affect the quantity of educational services chosen by parents for their children.