1. In the late 1700s, bakers in New York City complained that they could not sell their bread at a price high enough to allow them to make any profit. "With the price so low, we just can't make any dough," one baker allegedly said. (Well, not really but the bakers did complain about low prices.) So the New York City government set a price floor in the market for bread. The city government did not take any further action after it set the price floor. Explain whether the price floor in the bread market was A Good Thing for bread bakers or A Bad Thing for bread bakers. Justify your answer. Be sure to define and explain any Economic concepts you use in answering this