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Chapter 6

  1. price ceiling
    a legal maximum on the price at which a good can be sold
  2. price floor
    a legal minimum on the price at which a good can be sold
  3. tax incidence
    the manner in which the burden of a tax is shared among participants in a market
Author
Ruth5151
ID
12955
Card Set
Chapter 6
Description
A.P. Economics textbook, Chapter 6 vocabulary
Updated

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