Chapter 6: Supply, Demand, and Government Policies

                Chapter 6 was a relatively easy chapter to read and understand the concept of it. The main purpose and terms used are the same ones from the previous two chapters and how they tie in when the government steps in to promote a sense of fairness in price. The chapter also discussed the affects that taxes can cause on the buyers and sellers.
               One of the majorly interesting things that I found in the chapter was the connection between taxes and the rise of unemployment. I know that we had mentioned this situation in class before, but the book did a really good job explaining it and making sense out of it. I was so intrigued by the situation that I looked up the current minimum wage in Chicago, which is $10. This fact is interesting since I also looked up the minimum wage in Illinois and that comes out at $8.25. I found it quite peculiar to have different wages if we are in the same location.
               In regards to questions, the only part I need more clarification on is how the elasticity affects the burden on either the seller or the buyer. Besides that, the graphs in the text were limited and clear to understand. It was also helpful that this chapter included more cases to get a real-world example. Overall I would give Chapter 6 a rating of 1.5.