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2. (a) What are the differences between causality and correlation? (b) How price floor affects the equilibrium wage of workers in garments industry? Do

2. (a) What are the differences between causality and correlation? (b) How price floor affects the equilibrium wage of workers in garments industry? Do you think price floor at a reasonable level can improve the living standard of thousands of women garment workers? (c) Analyze the impact of setting a price ceiling in the Rickshaw fare at University of Dhaka.

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