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The government sometimes imposes a PRICE FLOOR on some goods and services in a specific market. a) Give one specific real-life example. b) Does a

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The government sometimes imposes a PRICE FLOOR on some goods and services in a specific market. a) Give one specific real-life example. b) Does a price floor create a SHORTAGE or a SURPLUS in the market? c) Also, give one reason for the government to impose such a price floor in a market. Explain why. d) Also, mention two (02) problems that a price floor creates in a market. List them clearly (1, and 2). Explain. (10 POINTS)

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