For Monday's class, please respond to the following. Remember, this task is for me to ensure that YOU understand the information. I recognize you CAN find the information on the internet, and TRUST that you will not do so so that I know that you know what you're talking about.
"Write a memo explaining why the market sets prices efficiently and that price ceilings create shortages."
You may use graphs, but your response should be predominately in words.
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