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
- 1Who benefits and who bears the costs of a minimum wage?
- 2What happens to quality when the government caps the price of a good?
- 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
Suggested Methodologies
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