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Sagot :
The price ceilings and price floors are the two main types of price controls.
What is price controls?
A price control is a mechanism employed by government to ensure that the price of a product or service does not go to high or low in the marjet.
The two type of price control is price ceilings and price floors. The price ceiling is used to set a maximum amount of product rpice while the price floors set the minimum amount of product price.
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