Market Failures and Government Intervention · Microeconomics

Price Ceilings and Floors

Evaluating the impact of government-imposed price limits on market outcomes.

Key Questions

  1. 1What unintended consequences arise from capping rental prices?
  2. 2Who benefits and who bears the costs of a minimum wage increase?
  3. 3How do artificial prices distort the signals sent to producers?

ACARA Content Descriptions

AC9EC11K06AC9EC11S05
Year: Year 11
Subject: Economics & Business
Unit: Market Failures and Government Intervention
Period: Microeconomics

Suggested Methodologies

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