Question
1. With the help of supply-demand diagrams, illustrate a binding and a non-binding price ceiling respectively . Label your diagrams carefully 2. With the help
1. With the help of supply-demand diagrams, illustrate a binding and a non-binding price ceiling respectively . Label your diagrams carefully
2. With the help of supply-demand diagrams, illustrate a binding and a non-binding price floor respectively . Label your diagrams carefully.
3. Is rent control a price ceiling or a price floor? In 100 words, state and explain AT LEAST TWO cons and/or limitations of rent controls.
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
6th edition
132831007, 978-0132831000
