What will happen to the market price when a price control, Finance Basics

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What will happen to the market price when a price control

Problem

1. What will happen to the market price when a price control is nonbinding?

2. Why do most economists oppose attempts to control prices? Why does the government attempt to control prices anyway, in a number of markets?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Finance Basics: What will happen to the market price when a price control

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