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Control as a price floor or price ceiling

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Reference no: EM133127254

Look at the world around you and identify a price control you observe (you can't use minimum wage, rent control, or others I've used during lecture).

Would you classify this control as a price floor or price ceiling? Who does it help, and who does it hurt? What secondary effects might the price control lead to? Would you support it politically, and why?

Reference no: EM133127254

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