Use the links below.
1. Define price floor
a. Provide real life examples of price floors
b. What is the intent of a price floor
c. What are the unintended negative consequences of a price floor
d. Illustrate a price floor on a market equilibrium diagram
2. Define price ceiling
a. Provide real life examples of price ceilings
b. What is the intent of a price ceiling
c. What are the unintended negative consequences of a price ceiling
d. Illustrate a price ceiling on a market equilibrium diagram
http://economics.fundamentalfinance.com/micro_price-floor.php
http://economics.fundamentalfinance.com/price-ceiling.php
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