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1) What causes a shortage of a good? A price ceiling or a price floor? Explain how. 2) Shortages cause rationing of goods, exactly like
1) What causes a shortage of a good? A price ceiling or a price floor? Explain how.
2) Shortages cause rationing of goods, exactly like we are living through right now. This current pandemic with Covid-19has created mass shortages of many items. Share with me what are you seeing in stores as far as lines and shortages and how it this affecting store employees behavior (or business owners behavior) and how is it affecting consumer behavior?
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