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Question 2 Assess the effects of : 1. Price ceiling [20 marks] 2. Price floor [20 marks] (Hint: Government policies and intervention) Please take note:

Question 2

Assess the effects of :

1. Price ceiling [20 marks]

2. Price floor [20 marks]

(Hint: Government policies and intervention)

Please take note: Equilibrium graph is required for 1 & 2.

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