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Alleviate the upward pressure on the bread price

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During World War II, the British government imposed a ceiling price on bread. Explain why there was upward pressure upon the price of bread. What consequences would you anticipate, given continuing enforcement of the ceiling? To alleviate the upward pressure on the bread price, the British government took fresh bread off the market; all bread sold had to be at least one day old. Would you expect this regulation to achievethe desired effect?

Reference no: EM133082008

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