SETTING PRICES: You will write a two-to three-paragraph essay explaining the advantages and
disadvantages of price ceilings and price floors. You will also state whether you believe
that they have positive or negative effects on the economy and explain why. Your assignment should include the following elements:
•a brief introduction defining price floors and price ceilings
•at least two advantages of a price ceiling
•at least two disadvantages of a price ceiling
•at least two advantages of a price floor
•at least two disadvantages of a price floor •your opinion on whether price floors and ceilings are good or bad for the economy and an explanation of your view