Which statements correctly explain price floors and price ceilings? Choose four correct answers.

A price floor sets a minimum price, so it can raise the price producers receive; to affect the market, it must be above equilibrium. A price ceiling sets a maximum price and must be below equilibrium to lower the price consumers pay. Thus, statements A, C, D, and E are correct. Floors below equilibrium and ceilings above equilibrium are ineffective, so B and F are incorrect.

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