Price Signals and Market Equilibrium · Supply & Demand

Market Equilibrium and Disequilibrium

Examining how markets clear and the consequences of price ceilings and floors.

Key Questions

  1. 1Who benefits and who bears the costs of a minimum wage?
  2. 2What happens to quality when the government caps the price of a good?
  3. 3How do shortages and surpluses signal information to producers?

MOE Syllabus Outcomes

MOE: Markets and Price Mechanism - S4
Level: Secondary 4
Subject: Economics
Unit: Price Signals and Market Equilibrium
Period: Supply & Demand

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