MICROECONOMICS
MICROECONOMICS
11th Edition
ISBN: 9781266686764
Author: Colander
Publisher: MCG
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Chapter 7, Problem 16QE

(a)

To determine

Determine how a price floor is like a tax on consumer and a subsidy to suppliers and who gets the revenue.

(b)

To determine

Determine how a price floor is like a tax on the consumer and a subsidy to suppliers and who get the revenue in the case of price floor.

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