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State the purpose of these legal prices and assess their

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Reference no: EM13338317

1) Give one example of a price floor and one example of a price ceiling.

2) State the purpose of these legal prices and assess their impacts on the market.

3) Evaluate the extent to which the price floor achieves its purpose.

4) Evaluate the extent to which the price ceiling achieves its purpose.

Reference no: EM13338317

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