Chapter 6

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  1. price ceiling
    a legal maximum on the price at which a good can be sold
  2. price floor
    a legal minimum on the price at which a good can be sold
  3. tax incidence
    the manner in which the burden of a tax is shared among participants in a market

Card Set Information

Author:
Ruth5151
ID:
12955
Filename:
Chapter 6
Updated:
2010-04-03 16:02:45
Tags:
Economics Markiw
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Description:
A.P. Economics textbook, Chapter 6 vocabulary
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