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ECONOMICS 365

Question Description

I don’t understand this question and need help to study.

Government intervenes in the free market by many different ways. For example, regulators may use price controls, impose taxes on consumers as well as on producers and give subsidies to producers. What would be the intended outcome in the market by each of the above government actions? Give a real-world example of how government intervention in the free market affects the demand for or supply of a product or service you use or a product or service produced at your workplace.


*****ORIGINAL WORK IS A MUST!! NO MORE THAN 200-300 WORDS. NEEDED BY 6PM EASTERN TIME FRIDAY. 

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Final Answer

aroojch (711)
University of Virginia

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