Participate in a discussion regarding price ceilings and price floors as shown i

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Participate in a discussion regarding price ceilings and price floors as shown in Section 7.3 in the textbook. Develop your own policy position, or approach, regarding price floors and price ceilings in the market. Consider the following examples: Price Ceilings: Should we continue to have a zero price for using a freeway? Or should we have transponders mounted on the dashboards of vehicles, as practiced in Singapore, which monitor and track the miles-driven within a city? Is this technique a non-starter for you, or would you appreciate never being stuck in slow-moving traffic again? Price Floors: Should we continue to have a government-regulated minimum wage law? Have you wanted a job, and been willing and available to work, but unable to get hired? Would you have taken a job for a slightly lower wage, if one had been available? Based on these examples or others of your own choosing, what would be your policy position on price ceiling and price floors in the market?

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