Select an article in a newspaper or magazine that discusses an American government policy on goods or services. Analyze the situation and write an articulate and informative paper containing the
Select an article in a newspaper or magazine that discusses an American government policy on goods or services. Analyze the situation and write an articulate and informative paper containing the following: Review below terms: In addition to price controls, the government can also impact supply and demand in a market through taxes. Taxes are a means of revenue for all levels of government. A tax is a burden that people in an economy must bear, but all taxes are not the same. The term refers to how a particular tax is distributed on the people who make up the economy. The concepts of supply, demand and elasticity provide natural equilibrium in the marketplace. However, when government policies are introduced we see that the natural equilibrium becomes distorted and market inefficiencies result. Purchase the answer to view it