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The government has imposed an effective price control of $400. The equilibrium price for this market is $200? Name and Define this type of price
The government has imposed an effective price control of $400. The equilibrium price for this market is $200? Name and Define this type of price control?, What are the consequences of this price control Draw the market (demand and supply) for this market and show the price control. Explain what happens to D, S Ep, Eq, Qd and Qs
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