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a)The government is currently considering setting a maximum price (price ceiling) for basic goods to ensure that people can get access to these goods at

a)The government is currently considering setting a maximum price (price ceiling) for basic goods to ensure that people can get access to these goods at this current time. Fully explain your answer and also use a single diagram to demonstrate thelikely outcomes of this policy if the maximum price is set:

1. Below the current free market price

2. Above the current free market price

3. At the current free market price

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