Business
Business, 08.04.2021 18:20, samtrevino9921

Assume that each hour that people wait in lines represents a lost hour of work. Assume that the government in a developing country wants to set a price ceiling on bread in order to make this basic food more affordable. Under what circumstances would the ceiling lead to long lines and thus high costs in lost work hours?

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Assume that each hour that people wait in lines represents a lost hour of work. Assume that the gove...

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