Foundations of Economics (8th Edition)
Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 7, Problem 9SPPA
To determine

To illustrate:

Whether the Venezuela's price controls are price floors or ceilings. Explain graphically the shortage of food created by the price control.

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