Market Economy and Public Policy

How is price made?
Why it is changed?
In competitive market

How is production cost calculated?

How is market demand measured?

Price index

How a company set the price in competitive market?

How a company set price in a market, with no competitor?

How does government set tax price ($) on various market product?

Subsidy

Why does food price inside country increase when it is exported to the other country?

Automobile Import quota

Why does government need to regulate monopoly?

How government regulate agriculture

Minimum wage policy

Homework
The supply and demand for apples
Demand
Supply
What is the market equilibrium price and quantity?

Homework 2
Translate the following words to Ukrainian:
Market demand
Consumer choice
Cost, marginal cost
Price equilibrium
Consumer price index, production price index
Competitive market, competitive industry
Monopoly, oligopoly
Excise tax, excise subsidy