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2) Chapter 4: a) Describe and give an example of a price floor. Write/illustrate the equations and explain why there is a continuing surplus. b)

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2) Chapter 4: a) Describe and give an example of a price floor. Write/illustrate the equations and explain why there is a continuing surplus. b) Describe and give an example of a price ceiling. Write/illustrate the equations and explain why there is a continuing shortage

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