Price ceilings are designed to protect sellers, while price floors are designed to protect buyers.
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Q62: The unemployment of some groups, such as
Q63: Rent controls are designed to protect consumers
Q64: Price supports are a form of price
Q65: A price ceiling is only effective if
Q66: Enacting a law controlling rents near a
Q68: Price ceilings lead to market surpluses.
Q69: Black-market prices are below equilibrium prices because
Q70: A black market develops only when quantity
Q71: Price floors lead to market surpluses.
Q72: Rent controls are most often designed to
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