In Louisiana, florists must be licensed by the state. In many states, auctioneers must be licensed as well. Barbers and beauticians are also often subject to licensing. Trade groups will usually say that these regulations are to ensure quality. What else might be at work? Does this hurt consumers? How does it affect the market? (Use a supply and demand diagram to answer.)

In Louisiana, florists must be licensed by the state. In many states, auctioneers must be licensed as well. Barbers and beauticians are also often subject to licensing. Trade groups will usually say that these regulations are to ensure quality. What else might be at work? Does this hurt consumers? How does it affect the market? (Use a supply and demand diagram to answer.)

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter2: Economics: Eight Powerful Ideas

Section: Chapter Questions

Problem 12P

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