1. Locate and review an article that relates to the economic effects of price restrictions such as: Price floors in agriculture. Rent control(price ceiling) Changes in minimum wage.
2. Provide a brief summary of the article and identify the reasons why the price ceilings were imposed from both an economic and non-economic perspective.
3. What have been some of the unintended consequences of the price restrictions?
4. How successful has the price ceiling been in achieving its stated purpose?
5. What lessons can be applied from the situation and what other approaches might be utilized to address the identified problem/concern?