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March 25, 2017

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What are the principles of economics invloved in producing price floors + cielings?

  • Economics - ,

    I'm not sure I understand your question. From a pure market-economist's point of view, price floors and ceilings are abominations. If binding, they only create shortages or surpluses. Of course, there are many non-economic (e.g., social) reasons for having floors or ceilins.

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