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Difference between price ceiling and floor

04/05/2021 Client: muhammad11 Deadline: 2 Day

What is the difference between a price floor and price ceiling?
Subject
Economics

Question Description
What is the difference between a price floor and price ceiling?

According to the laws of demand and supply and how market equilibrium, efficiency, and equity are reached, do attempts to repeal those laws and mar?et results with price floors and price ceilings justify legislative bodies to implement price controls?

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