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Questions and Answers
What is a price ceiling?
What is a price ceiling?
Which of the following is an example of a price floor?
Which of the following is an example of a price floor?
How do price ceilings affect market outcomes when they are not binding?
How do price ceilings affect market outcomes when they are not binding?
What do taxes imposed on buyers or sellers affect in a market?
What do taxes imposed on buyers or sellers affect in a market?
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What determines the incidence of a tax?
What determines the incidence of a tax?
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