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Sometimes a store can put the price of an item for a lot but another store who has the same item cost less. So people will go for the item that will cost less.

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Price floor is the minimum wage,

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price ceilings are the max that a person can pay so it can be good because the government controls people from being over charged and the floor is and a price floor keeps everyone in competition because it is the lowest something can be charged and it would be bad to have a product with a low price floor

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The government intervenes to help organize the needs and the demands. Its a good thing because they help keep things in order.

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The government makes sure the prices aren't to high, which is a good thing.

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It's a good thing because they keep track on the price so it's not over price

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Price ceilings and price floors examples is gas

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Its a good thing they intervine because they can set the price so that it is not too overpriced . A, D, J

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In an equilibrium market the amount of demand and suppy is equal and the market is balanced. In a disequilibrium market it has fallen out of balance

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Equilibrium  is when the supply and demand are equal but disequilibrium is when they are not.

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Equilibrium refers to perfect competition. disequilibrium describes a market with an imbalance of supply and demand. A,D,J

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Equilibrium market is when the supply & demand is equal meanwhile a disequilibrium market is when the supply & demand are not equal.

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1.Compare and contrast the difference between equilibrium and disequilibrium market.

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1.Compare and contrast the difference between equilibrium and disequilibrium market.

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2.Idenify and explain how the government sometimes intervenes in markets to control prices. Is it a good or bad thing?

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2.Idenify and explain how the government sometimes intervenes in markets to control prices. Is it a good or bad thing?

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3.Analyze the effects of the price ceilings and price floors in the aspect of individuals and the market? Think of your personal experiences

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3.Analyze the effects of the price ceilings and price floors in the aspect of individuals and the market? Think of your personal experiences