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Stella [2.4K]
3 years ago
15

with the aid of a diagram differentiate between price ceiling and price floor as government intervention measeure

Social Studies
1 answer:
otez555 [7]3 years ago
5 0
Price Ceiling and Price Floor are example price controls. They are example of government intervention in the free market that changes the market equilibrium. Price floors are the minimum prices set by the government for certain commodities and services. Price ceiling is the price control imposed by the government or limit on how high a price is charged for a product.
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Marissa's behavior illustrates demand characteristics because she is modifying her personality traits based on the expectations of the employer or company. Also, this is an unnatural behavior because she is shy and introverted but she answers she is extraverted in the questionnaire; this is likely because based on the information she had about the employer, she identified this employer is looking for extroverted candidates.

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