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Nono2015Explain what happened to the price of toilet paper at the start of the pandemic. What happened to the retail availability of this product? How did producers respond? Include the concepts of supply and demand in your answer. Be specific.
Provide a real-life example of a price ceiling. What does a price ceiling do to a market price? Identify and explain two possible side effects of this type of price control. Be specific in your answer.
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