Applications of Demand Supply Analysis (With Diagram)

The following points highlight the top six applications of demand supply analysis. The applications are: 1. An Excise or Per Unit Tax 2. A Sales Tax 3. A Production Subsidy 4. Import Tariffs 5. Export Subsidies 6. Controls on Prices and Quantities. Application # 1. An Excise or Per Unit Tax: An excise or per unit tax is a fixed amount of [...]