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Due to the COVID-19 pandemic, many Bahamians are experiencing economic hardship. To compound the problem, price have steadily increased and most notably on items that
Due to the COVID-19 pandemic, many Bahamians are experiencing economic hardship. To compound the problem, price have steadily increased and most notably on items that the consuming public usually purchase. Is this a good time to implement price floor? Evaluate. (Hint: use your knowledge of demand and supply in your response)
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