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Price control policy in the market of electric cars

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Reference no: EM133126015

With the concerns over the environment, the UK government sets a plan that new cars and vans powered wholly by petrol and diesel will not be sold in the UK from 2030.

a. Assume the UK government use a price control policy in the market of electric cars with the aim to make people want to buy more electric cars. Which policy i.e. price ceiling or price floor would be more appropriate. Explain.

Reference no: EM133126015

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