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Pass by Value Implies That Changes Cannot Occur Outside the Procedure

question 27

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Pass by value implies that changes cannot occur outside the procedure through the use of parameters.

Analyze the effect of price elasticity of demand and supply on the burden of a tax.
Calculate the tax burden on buyers and sellers in a market.
Determine the price paid by buyers and received by sellers after the imposition of a tax.
Describe the effects of a price floor and a price ceiling on market equilibrium.

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