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Price Ceilings and Floors- Micro Topic 2.8
New video for this topic: https://youtu.be/eE_FYK2FlnQ In this video I explain what happens when the government controls market prices. Price ceilings are a legal maximum price and price floors are a minimum legal price. Make sure that you can draw each of them on a demand and supply graph and identify if there is a shortage or a surplus. Keep ...
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