6 supply demand and gov policies.pdf

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Department
Economics
Course
ECON 20A
Professor
Amihai Glazer
Semester
Fall

Description
Supply demand and Gov policies1how price ceilings effectAsets price that is most a productservice can be sold forathey force landlords to provide shittier servicebcreate shortages cthis is all of course if its bindingdprice oor effectBsets price that the least a productservice can be sold foramin wage is foremost exambincreasing min wage will cause more unemployment for teenagers and 1some adultsdecreasing it will cause more labor to be available at a lower price2can cause a surplus of supplies if the price oor is set to highctaxes2tax incidence refers to who bears the burden of the taxAMarke
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