\ue000Explain the effects of the sales tax
\ue000Explain how markets for illegal goods work
\ue000Explain why farm prices and farm revenues fluctuate
As more people compete for scarce land, house prices
and rents rise. As new technologies replace low-skilled
labor, the demand for low-skilled workers falls. Can
governments control prices and wages?
the tax, the buyer or the seller?
What happens in a market when a good is made illegal?
How are farm prices and incomes affected by fluctuations
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