lesson
Price Controls: Price Ceilings and Price Floors
Analyze the market consequences of government price interventions, including rent control shortages and minimum wage surpluses.
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Applied Markets, Structures, and Government Intervention
6 lessons
Goal
Apply supply and demand principles to financial and labor markets, examine market competition structures, and evaluate price controls and market failures.
6 lessons
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- Supply and Demand in Labor and Wage DeterminationUp next
- The Market for Credit and Interest Rate DeterminationNot started yet
- Foreign Exchange Markets: Currency Supply and DemandNot started yet
- Price Controls: Price Ceilings and Price FloorsYou are here
- Market Structures: Perfect Competition to MonopolyNot started yet
- Market Failures: Externalities and Public GoodsNot started yet
Learning standards covered
SS.9-12.CE.44Nevada Social Studies Standards · 7th GradeExplain how changes in supply and demand cause changes of goods, services, labor, credit, price, and foreign currencies.
SS.9-12.CE.45Nevada Social Studies Standards · 7th GradeEvaluate the effectiveness of government policies to improve market outcomes by using cost-benefit analysis.