After those first series of shots, you should receive a booster shot every 10 years. If you step on a nail or suffer a wound that is deep and dirty, and haven't had a tetanus shot in the past 10 years, you need help fast. Seek medical attention immediately and rinse the wound with tap water. Do not cleanse with soap or apply antiseptic to a deep wound.
An increase in the price will reduce consumer surplus, while a decrease in the price will increase consumer surplus. Below are two scenarios that illustrate how changes in price can affect consumers' surplus. It is important to note that any shift from the good's pareto optimal price will result in a decrease in the total economic surplus. The total economic surplus equals the sum of the consumer and producer surpluses.
Most economists believe that an increase in the minimum wage causes higher prices and lower employment. This belief rests partly on empirical evidence, but also on the view that labor markets are competitive; if markets are competitive, then increases in the minimum wage should both raise prices and reduce employment.aronson (2001) finds that minimum wage increases tend to raise prices. The magnitude and timing of these price increases is striking. Within three months of a wage hike, Aaronson finds that a 10 percent increase in the minimum wage resulted in a 0.4â0.7 percent increase in restaurant prices.