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Hannah Microeconomics Chapter 6
Definitions
4
Economics
Undergraduate 1
11/28/2011
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Term
price ceiling 
 Definition
a legal maximum on the price at which a good can be sold
Term
price floor
 Definition
a legal minimum on the price at which a good can be sold 
Term
tax incidence
 Definition
the manner in which the burden of a tax is shared among participants in a market
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