1) Give an example of 1 inferior and 1 normal good and in a few words explain why the good is inferior or normal? Give an example of 2 substitute goods and 2 complement goods. In a few words, explain why the goods are complements or substitute. 

2) Name 3 ways price ceilings can lead to inefficiencies and give an example for 1 of them. Name 3 ways price floors can lead to inefficiencies and give an example for one of them