Solved: What is the effect of a 700 price floor on this market, Dissertation

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What is the effect of a 700 price floor on this market

a. What is the effect of a $300 price ceiling on this market? Would this be a binding price ceiling?

b. What is the effect of a $700 price floor on this market? Would this be a binding price floor?

c. Why would policymakers choose to impose a price ceiling or price floor on a market?

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Dissertation: What is the effect of a 700 price floor on this market

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