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Erstellt von Natalia Djohari
vor etwa 9 Jahre
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Frage | Antworten |
Price Ceiling | a maximum allowable price imposed by the government |
Deadweight Loss | loss in economic surplus due to the market being prevented from reaching the equilibrium price and quantity where marginal benefit equals marginal cost |
Price Floor | a minimum allowable price imposed by the government |
Result of applying tax to a highly elastic supply and demand equilibrium | Bigger dead weight loss |
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