Markets in Action: Supply and Demand · Microeconomics

Market Equilibrium and Price Controls

Investigating how markets reach balance and the impact of government interventions like price ceilings and floors.

Key Questions

  1. 1What happens to social surplus when a price ceiling is imposed on rental housing?
  2. 2How do shortages and surpluses signal a need for price adjustment?
  3. 3Who wins and who loses when the government sets a minimum wage?

Ontario Curriculum Expectations

ON: Market Operations - Grade 10ON: Price Determination - Grade 10
Grade: Grade 10
Subject: Economics
Unit: Markets in Action: Supply and Demand
Period: Microeconomics

Suggested Methodologies

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