Discuss price ceilings and price floors. The government sometimes imposes price controls on certain goods and services at certain times. However, there are usually unintended consequences. Discuss one or more price control imposed by the government and the unintended consequences of the price control. Why might people ignore the unintended consequences and still impose a price control.

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Price ceilings and price floors are governmentimposed interventions in markets to regulate the prices of goods and services These controls aim to eith... View the full answer