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REQUIREMENT Answer all the questions. QUESTION 1 (CL01) a) Explain the term price oor and price ceiling by using graphs. (6) 13) Use a graph

REQUIREMENT Answer all the questions. QUESTION 1 (CL01) a) Explain the term \"price oor\" and \"price ceiling\" by using graphs. (6) 13) Use a graph to illustrate the impact of the price oor on consumer surplus and producer surplus. Explain. (3)

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