What do we know about price ceilings and price floors? Question
19 options: They are desirable...
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Economics
What do we know about price ceilings and price floors? Question
19 options: They are desirable because they make markets more
efficient as well as equitable. They cause surpluses and shortages
to persist since price cannot adjust to the market equilibrium
price. They can be enacted to restore a market to equilibrium. They
are imposed because they can make low-income households in the
economy better off without causing adverse effects.
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