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Chapter 5 - Policy analysis with supply and demand. After reading this chapter, you should be able to answer the following questions: What is a price floor? What is the effect of minimum wage on the market? What is a price ceiling? What is rent control? What is economics of a draft vs. voluntary enlistment? What is economics of market for human organs? What is economics of healthcare? What is economics of parking meters? What is economics of agricultural subsidies? |