(Answered) Principles of macroeconomics ch 6 supply demand and

Economics

Principles of Macroeconomics, Ch. 6: Supply, Demand, and Government Policies

Consider what mechanisms allocate resources when the price of a good is not allowed to bring supply and demand into equilibrium.
Consider how to explain why economists usually oppose controls on prices.
Consider how a tax on a goods affect the price paid by buyers, the price received by sellers, and the quantity sold.
Consider what determines how the burden of a tax is divided between buyers and sellers.

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