Question: Locate a recent article or event published in 2022 that highlights the Problem of Poverty that relates to Macroeconomics State the article or event selected.

Locate a recent article or event published in 2022 that highlights the Problem of Poverty that relates to Macroeconomics

  • State the article or event selected.
  • Identify the equilibrium price and quantity for your chosen country and/or international firm's goods.
  • Describe the differences between an effective price ceiling and an effective price floor.
  • State whether your chosen country or international firm experiences a price ceiling or price floor and why.
  • Explain whether your firm has been able to reap the benefits from additional consumer surplus and why.
  • Identify the market equilibrium on price and quantity for your chosen country or international firm.
  • Analyze the relevance to real-life applications.

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