ec-23 - Tax incidence 1. Refers to distribution of tax...

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Chapter 6 Supply, Demand, and government policies I. Controls on prices a. Definitions i. Price ceiling 1. Price isn’t allowed to rise above a certain level 2. Graph ii. Price floor 1. Price can’t fall below a certain price 2. Graph II. Taxes a. Definition i.
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Unformatted text preview: Tax incidence 1. Refers to distribution of tax burdens b. How taxes on buyers affect market outcomes i. Graphic representations ii. Overall summary of taxes on buyers 1. Discourage market activity 2. Buyers & sellers share the burden...
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This note was uploaded on 04/19/2011 for the course ECON 200 taught by Professor Staff during the Winter '09 term at Indiana.

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ec-23 - Tax incidence 1. Refers to distribution of tax...

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