Iscuss local, state, federal taxation of a good.

3. Assignment: Taxation
· Due Date: Day 7 [Individual] forum
· Find two articles that discuss the local, state, or federal taxation of a good.
· Write a 700to 1,050-word paper in APA format describing the effects of taxation and
price controls on the economy.
o Is the tax levied on the producers or consumers?
o How does the tax affect supply or demand?
o How does the tax affect the equilibrium price and quantity?
o In this market, describe a hypothetical situation where a price ceiling or floor could be
imposed. What implications would this have for the market?
· Reference the articles you found in your paper.
· Post your paper as a Microsoft© Word attachment.