Unnecessarily lavish airline flights

Reference no: EM131031361

Please sort the following statements into whether they occur as a result of a price floor or ceiling being implemented. Assume that all scenarios have some form of price control on them.

Lawerence waits an hour at the local butcher shop to obtain a mutton cutlet due to absurb long lines.

unnecessarily lavish airline flights.

your favorite restaurant choosing to downsize theirportion sizes.

what used to be a 24 hour dinner is now only open 20 hours a day.

a surplus of workers in the labor market.

a shortage in the market of tie die shirts.

Reference no: EM131031361

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