Short essay on effects of taxation

Reference no: EM1315266

Write a 700- to 1,050-word paper in APA format describing the effects of taxation and price controls on the economy.

- Is the tax levied on the producers or consumers?

- How does the tax affect supply or demand?

- How does the tax affect the equilibrium price and quantity?

- In this market, describe a hypothetical situation where a price ceiling or floor could be imposed. What implications would this have for the market?

Reference no: EM1315266

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