How would thw control prices for products influence buying
Problem
Explain why it is important that prices are flexible in our economy? What are the implications if the government started to control prices for products, how would this influence buying?
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It is not uncommon to see commercials meant for men about PE (Premature ejaculation), a curved penis, testosterone etc.
Based on the increase in demand, how did the airline industry in China respond? What affect did this response have on price?
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What are the implications if the government started to control prices for products, how would this influence buying?
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