Effect of price ceiling and a price floor

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1. Explain how a dead weight loss can be generated in an imperfect market and also in a case of a negative externality. What policies government can use to try to eliminate the deadweight loss?

2. Falling oil price

How do you explain the fall in crude oil price and what impact this will have on the U.S economy and the world economy?

3. Effect of Price Ceiling and a Price Floor

Price Floors and Price Ceilings are Price Controls, examples of government intervention in the free market which changes the market equilibrium

Reference no: EM13732393

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