Price ceilings and floors, Business Economics

Price Ceilings and Floors

1. Explain the impact on the market if the government imposes the following price ceilings and floors. 

2. Draw two graphs, one for eggs, and one for electricity rates illustrating if the action will result in a shortage or a surplus. Label the graphs properly.

Posted Date: 2/16/2013 1:44:56 AM | Location : United States







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