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POST ECO202 UNIT 1 ASSIGNMENT

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Question;Unit 1 AssignmentRead Chapters 4, 5, 6Assignment Questions:Questions for Review p.128-129 #'s 4, 5, 7Assignment is due Sunday and late assignments are not accepted.(Remember to include examples in your answers to improve you grade)Questions;for review pages 128-129 numbers 4, 5, & 74.)Explains why economists usually oppose;controls on prices.5.) Suppose the government removes a tax on;buyers of a good and levies a tax of the same size on sellers of the good. How;does this change in tax policy affect the price that buyers pay sellers for;good, the amount buyers are out of pocket including the tax, and the quantity;of the good sold?7.) What determines how the burden of a tax is;divided between buyers and sellers? Why?;="msonormal">

 

Paper#56030 | Written in 18-Jul-2015

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