Price Floors Part 2
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Would an EXCISE TAX be a good example of a price floor? Does anyone know the exact difference between an Excise TAX and a price floor? My guess is that an excise tax is one in which, for example, the government can tax consumers for buying cigarettes, as where a price floor is one in which the government tells the cigarette producers that it can't charge less than a certain amount. Am I right? Anyone? Bueller?
artnwityr 2 weeks ago
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ANILA917 1 year ago