Question: Please explain how it's true or false 1. Price floor to be effective must be imposed below the market equilibrium price. True or false. Briefly

Please explain how it's true or false 1. Price floor to

Please explain how it's true or false

1. Price floor to be effective must be imposed below the market equilibrium price. True or false. Briefly explain (1 point) TRUE ( ) FALSE ( 2. Deadweight loss measures the increase in market efficiency as the result of government intervention in the market. True or false? Explain (1 point) TRUE ( ) FALSE ( )

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