Macroeconomics
Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
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Chapter 6, Problem 21APA

a)

To determine

Impact on market price and quantity when no penalty imposed.

b)

To determine

The impact on market price and quantity when penalty is imposed on sellers.

c)

To determine

The impact on market price and quantity when penalty is imposed on buyers.

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