Are Venezuelas price controls price floors or price ceilings? Draw a graph to illustrate the shortages of
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Are Venezuela’s price controls price floors or price ceilings? Draw a graph to illustrate the shortages of food created by the price controls.
The government of Venezuela controls the price of food and there are shortages of milk, rice, coffee, pasta, sugar, corn flour, and cooking oil. Eggs have disappeared from store shelves. While people stand in line for milk, cheese and yogurt are abundant.
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