S E12: When Governments Intervene - Taxes, Price & Quantity Regulations
Think Like An Economist
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The Effect of Government Regulations on Prices
In this episode, we're going to try to understand the effect that government regulations and taxes have on mark s. Government can influence things like how much we buy and sell and also prices. The government has three main tools: It can tax things; it can use price regulations,. And it can use quantity regulations which limit the quantity of a good people can buy or sell.
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