Chapter Six: Supply, Demand, and Government Policies Flashcards by Annika Boganes | Brainscape

Q

Price Ceiling

A

A legal maximum on the price at which a good can be sold

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Q

Price Floor

A

A legal minimum on the price at which a good can be sold

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Q

Tax Incidence

A

The manner in which the burden of a tax is shared among participants in a market

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