Question: Question 2 : The government decides that a specific scarce good should be provided for everyone who wants it at less than market price and

Question 2:
The government decides that a specific scarce good should be provided for everyone
who wants it at less than market price and passes a law making it illegal to buy or sell
the good. This good is highly desirable for some of the population. What would happen
in this market if the law were removed? (hints: price ceiling or price floor)

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