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Please explain how it's true or false 1. Price floor to be effective must be imposed below the market equilibrium price. True or false. Briefly

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Please explain how it's true or false

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1. Price floor to be effective must be imposed below the market equilibrium price. True or false. Briefly explain (1 point) TRUE ( ) FALSE ( 2. Deadweight loss measures the increase in market efficiency as the result of government intervention in the market. True or false? Explain (1 point) TRUE ( ) FALSE ( )

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