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Podcast: Principles of Microeconomics (Video)
Episode:

Price Ceilings
Category: Education
Duration: 00:03:50
Publish Date: 0000-00-00 00:00:00
Description: In 1971, President Nixon, in an effort to control inflation, declared price increases illegal. Because prices couldn’t increase, they began hitting a ceiling. With a price ceiling, buyers are unable to signal their increased demand by bidding prices up,...
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