A shift in the supply curve to the right, parallel to the original supply curve

A less elastic supply curve to the right of the original supply curve

A less elastic supply curve to the left of the original supply curve

A shift in the supply curve to the left, parallel to the original supply curve

A less elastic supply curve to the right of the original supply curve

A shift in the supply curve to the left, parallel to the original supply curve

A shift in the supply curve to the right, parallel to the original supply curve

A less elastic supply curve to the left of the original supply curve

The loss to society caused by market inefficiency

The loss to the producer caused by market inefficiency

The loss to the consumer caused by market inefficiency

The loss to either producer or consumer surplus caused by market inefficiency

Incidence of taxation

Deadweight loss

Burden of taxation

Loss from taxation

To reduce consumption for certain goods and services

Sales taxes are easier to collect than income taxes

To raise tax revenue to pay for public services

To encourage consumption of the good or service

Sales taxes discourage the consumption of certain products that they wish to discourage

Income and profit taxes do not harm companies

Income and profit taxes are a fairer way of collecting tax revenue

Income and profit taxes are progressive

They are self regulating as they do not require annual changes to the tax rate

It generates more tax revenue than flat rate taxes

The amount of tax revenue collected grows as the economy grows

It is more progressive as the amount of tax is proportional to selling price

Producer

Consumers and producers equally

Consumer

Neither consumers and producers

Producers

Consumers

Neither consumers or producers

Consumers and producers equally

To lower the price of basic essentials

To help domestic firms from foreign competition

To guarantee the production of essential goods and services

To raise government revenues

To guarantee production of certain goods and services

To raise sales revenue for businesses producing those goods

To make certain essential items affordable for those households on low incomes

To increase economic growth

A government subsidy

A rationing system

The government can produce the good or service themselves

A specific tax on the product

Capital

Essential food products

Labour

Housing

Shortages caused by the imposition of a minimum price

Undersupply of merit goods

Lack of public goods

Oversupply of demerit goods

Taxing demerit goods and subsidising merit goods

Promoting the production of merit goods through public production

Imposing taxes on dangerous goods such as alcohol and cigarettes

Providing public services 

Wealthy tennants

Low income tennants

Local building firms

Landlords / prospective landlords

The amount of money that the government provides to producers to increase output

The increase in taxes to pay for the subsidy

The opportunity cost of providing the subsidy

The increase in sales resulting from the subsidy

A second demand curve drawn parallel to the right of the original

A second supply curve drawn parallel to the left of the original

A second demand curve drawn parallel to the left of the original

A second supply curve drawn parallel to the right of the original

Producers only

Consumers only

Producers and consumers

Government

To encourage greater efficiency in the farming industry

To reduce a nations reliance on imported food products

To provide farmers with a more stable income

To guarantee food supplies in the economy