In the market depicted below there is either a price ceiling or a price floorsurprisingly, it doesnt
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In the market depicted below there is either a price ceiling or a price floor—surprisingly, it doesn’t matter which one it is: Whether it’s an
$80 price floor or a $30 price ceiling, the chart looks the same. jdu4
In the chart, there’s a rectangle and a triangle.
One represents the value lost from the “deals that don’t get made” and one represents the value lost from “the deals that do get made.”
Which is which?
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