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You are going to draw a demand and a supply curve. You will put on the graph a price ceiling or a price floor. Ensure
You are going to draw a demand and a supply curve. You will put on the graph a price ceiling or a price floor. Ensure that these price ceiling and price floor are effective enough. Think about either demand or supply changes. You are supposed to clarify which one and whether the one you clarify raises or decreases. And then, on the same graph, draw the new demand or supply. And display on your graph that how supply changes or deadweight loss changes as demand
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