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Unformatted text preview: who buy rice. Taxes The government decides it needs to increase its tax revenue, and decides to start taxing rice farmers 0.50c for every bag of rice they sell. Now what happens? Econ 1102-025 Page 3 of 3 Supply Side Changes Suppose the government manages to increase the supply of rice Price Floors Suppose the government sets a minimum wage of $1....
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This note was uploaded on 01/28/2012 for the course ECON 1102 taught by Professor Someguy during the Spring '07 term at Minnesota.
- Spring '07