2. Price controls in the Florida orange market
3. Effects of rent control
4. Minimum wage legislation
5. Calculating tax incidence
6. Who should pay the tax
7. Effect of a tax on buyers and sellers
(There is also a new version for this, right after the following picture)
New Version:
The following graph shows the daily market for jeans. Suppose the government institutes a tax of $20.30 per pair. This places a wedge between the price buyers pay and the price sellers receive.
(There is also a new version for this, right after the following picture)
New Version:
The following graph shows the daily market for jeans. Suppose the government institutes a tax of $20.30 per pair. This places a wedge between the price buyers pay and the price sellers receive.
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