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lit a. Distinguish between demand and quantity demanded. Do the same for supply and quantity supplied. b. Distinguish price ceiling and price floor. List and

lit a. Distinguish between demand and quantity demanded. Do the same for supply and quantity supplied. b. Distinguish price ceiling and price floor. List and discuss some of the problems associated with price floor and price ceiling. What are the major problems that will tend to arise if there are legal limits on the movement of prices? How do legal controls on prices lead to corruption

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