Find two articles that discuss the local, state, or federal taxation of a good.
· Write a 700- to 1,050-word paper in APA format describing the effects of taxation and
price controls on the economy.
o Is the tax levied on the producers or consumers?
o How does the tax affect supply or demand?
o How does the tax affect the equilibrium price and quantity?
o In this market, describe a hypothetical situation where a price ceiling or floor could be
imposed. What implications would this have for the market?
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