Government Intervention: Price Controls
Students analyze the impact of price ceilings and price floors on market equilibrium and welfare.
Key Questions
- Explain the rationale behind implementing price ceilings and price floors.
- Analyze the effects of price controls on consumer and producer surplus.
- Evaluate the potential for black markets and shortages/surpluses due to price controls.
National Curriculum Attainment Targets
Suggested Methodologies
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