1. explain the difference between price ceilings and price floors. Why would an economy use them? Who is hurt by each one and why? Who is helped by each one and why? 2. Why would the government support price ceilings and price floors knowing that they are inefficient? What might they be trying to accomplish? 3. explain the difference between consumer surplus, producer surplus and deadweight loss. Provide one real world example of each. Do NOT use examples from the textbook (that will be a zero). 4. If you were trying to limit deadweight loss, what types of good would you tax? Be specific, provide two real world non-textbook examples. What types of goods would you try to avoid taxing? Be specific, provide two real world non-textbook examples.