Market Mechanics: Supply and Demand · Supply & Demand

Market Equilibrium and Price Controls

Analyzing how markets reach balance and the impact of government-imposed price ceilings and floors.

Key Questions

  1. 1Who benefits and who bears the costs of a minimum wage increase?
  2. 2What incentives are driving this behavior in a black market?
  3. 3What trade-offs does this policy create for housing affordability?

Ontario Curriculum Expectations

ON: Market Interactions - Grade 11ON: Economic Stakeholders - Grade 11
Grade: Grade 11
Subject: Economics
Unit: Market Mechanics: Supply and Demand
Period: Supply & Demand

Suggested Methodologies

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