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1) Define/describe a price ceiling. Why are the sometimes used? 2) Is rent control a good idea? Explain your answer. 3) Define/describe a price floor.

1) Define/describe a price ceiling. Why are the sometimes used?

2) Is rent control a good idea? Explain your answer.

3) Define/describe a price floor. Why are they sometimes used?

4) Is it a good idea for government to support farmers with price floors?

5)Create a graph (complete) showing the impact price floors and ceiling have on supply and demand.

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