Chapter 6 - Supply, Demand, and Government Policies

studied byStudied by 0 people
0.0(0)
learn
LearnA personalized and smart learning plan
exam
Practice TestTake a test on your terms and definitions
spaced repetition
Spaced RepetitionScientifically backed study method
heart puzzle
Matching GameHow quick can you match all your cards?
flashcards
FlashcardsStudy terms and definitions
Get a hint
Hint

Lawmakers

1 / 4

flashcard set

Earn XP

Description and Tags

5 Terms

1

Lawmakers

________ have the power to determine whether taxes come from the pockets of buyers or sellers.

New cards
2

inelastic market

A tax negatively affects a(n) ________ more than an elastic one.

New cards
3

legal minimum

Price floor: a(n) ________ on the price at which a good can be sold.

New cards
4

Minimum wages

________ dictate the lowest price paid to laborers.

New cards
5

responsible for millions of business

Prices are ________ and consumer decisions.

New cards

Explore top notes

note Note
studied byStudied by 12 people
769 days ago
5.0(3)
note Note
studied byStudied by 6 people
1359 days ago
4.0(1)
note Note
studied byStudied by 36 people
1011 days ago
5.0(1)
note Note
studied byStudied by 25 people
514 days ago
4.0(1)
note Note
studied byStudied by 45 people
1351 days ago
3.3(3)
note Note
studied byStudied by 22 people
508 days ago
2.0(1)
note Note
studied byStudied by 4 people
598 days ago
4.3(4)
note Note
studied byStudied by 34 people
849 days ago
4.2(5)

Explore top flashcards

flashcards Flashcard (40)
studied byStudied by 133 people
539 days ago
4.3(7)
flashcards Flashcard (94)
studied byStudied by 168 people
805 days ago
5.0(2)
flashcards Flashcard (30)
studied byStudied by 4 people
591 days ago
5.0(4)
robot