Question: Does a price ceiling change the equilibrium price? b What would be the impact of imposing a price floor below the equilibrium price? c How

  1. Does a price ceiling change the equilibrium price?
  2. b What would be the impact of imposing a price floor below the equilibrium price?
  3. c How does a price ceiling set below the equilibrium level affect quantity demanded and quantity supplied?
  4. d Does a price floor attempt to make a price higher or lower?
  5. e How does a price floor set above the equilibrium level affect quantity demanded and quantity supplied?

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