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How do government price ceilings and price floors affect the economy select all that apply.
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How do government price ceilings and price floors affect the economy select all that apply.

User Pallav Bohara
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Answer:

Price floors help producers by raising prices, price ceilings help consumers by lowering prices, effective price floors are set above equilibrium, effective price ceilings are set below equilibrium.

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User Artoby
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