Lawmakers
________ have the power to determine whether taxes come from the pockets of buyers or sellers.
inelastic market
A tax negatively affects a(n) ________ more than an elastic one.
legal minimum
Price floor: a(n) ________ on the price at which a good can be sold.
Minimum wages
________ dictate the lowest price paid to laborers.
responsible for millions of business
Prices are ________ and consumer decisions.