Chapter 6 - Supply, Demand, and Government Policies
0.0(0)
Studied by 0 people
View linked note
Call with Kai
Knowt Play
Learn
Practice Test
Spaced Repetition
Match
FlashcardsCard Sorting
1/4
Earn XP
Description and Tags
Study Analytics
Name | Mastery | Learn | Test | Matching | Spaced |
|---|
No study sessions yet.
5 Terms
1
New cards
Lawmakers
________ have the power to determine whether taxes come from the pockets of buyers or sellers.
2
New cards
inelastic market
A tax negatively affects a(n) ________ more than an elastic one.
3
New cards
legal minimum
Price floor: a(n) ________ on the price at which a good can be sold.
4
New cards
Minimum wages
________ dictate the lowest price paid to laborers.
5
New cards
responsible for millions of business
Prices are ________ and consumer decisions.
Flashcards (30)