Which of the following will decrease the amount of a good that is traded in the market?
a. price floors and price ceilings
b. excise taxes, price floors, and subsidies
c. excise taxes
d. subsidies
e. price floors, price ceilings, and excise taxes
E
Economics
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What will be an ideal response?
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In the circular flow model, households demand resources such as labor services in the factor market
Indicate whether the statement is true or false
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One problem with rent controls is that policy makers often ignore its secondary effects
a. True b. False
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