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Elasticity, Efficiency, and Government Policy

9th Grade · Social Studies · US-AZ-SS

7 lessons

Goal

Analyze price elasticity of supply and demand and evaluate how price controls, taxes, and subsidies impact economic surplus and market efficiency.

7 lessons
0 of 7 done
  1. Price Elasticity of Demand: Elastic vs InelasticUp next
  2. The Total Revenue Test for Price ElasticityNot started yet
  3. Price Elasticity of Supply and Time HorizonsNot started yet
  4. Price Controls: Price Ceilings and Rent ControlNot started yet
  5. Price Controls: Price Floors and Minimum WageYou are here
  6. How Taxes and Subsidies Affect Market PricesNot started yet
  7. Consumer Surplus, Producer Surplus, and EfficiencyNot started yet
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Learning standards covered

us-azHS.E3.2Arizona Social Studies Standards · All ages

Evaluate how numerous factors and conditions influence market prices.

us-azHS.E3.3Arizona Social Studies Standards · All ages

Evaluate the role of government in regulating market places.