Some countries in the developing world use price controls on rice to make it easier for poor people to afford.Demonstrate the effect of a binding and non-binding price ceiling on the rice market using supply-demand diagrams.

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The Answer of Some countries in the developing world use price controls on rice to make it easier for poor people to afford.Demonstrate the effect of a binding and non-binding price ceiling on the rice market using supply-demand diagrams.

Some Countries in the Developing World Use Price Controls on Rice