Macroeconomics
Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
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Chapter 6, Problem 8SPA

a)

To determine

Impact on market price and quantity bought when penalty is imposed on either seller or buyer only.

b)

To determine

Impact on market price and quantity bought when penalty is imposed on both seller and buyer.

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