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Price floor and price ceilings

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Intro to price ceilings and their effects on the market

Intro to price ceilings and their effects on the market

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Intro to price ceilings and their effects on the market

11:17

About this lesson

Price Floors and Price Ceilings Overview:
Price Ceilings
  • Definition of Price Ceiling
  • 2 Cases for Price Ceiling
  • Problems with Rent Ceiling
  • An Example

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Video 1 of 14

Intro to price ceilings and their effects on the market

11 min

Selected

Understanding price floors and their effects on markets

8 min

Finding equilibrium price and quantity from a supply and demand graph

1 min

Analyzing a price ceiling at $50 for quantity supplied and demanded

2 min

Calculating deadweight loss from a price ceiling using triangle area

3 min

Finding equilibrium price and quantity using algebra

3 min

Calculating shortage from a price ceiling at $190

5 min

Finding the maximum black market price using the demand curve

2 min

Finding equilibrium price and quantity from a market graph

1 min

Analyzing a $25 price floor: surplus, quantity supplied and demanded

3 min

Calculating deadweight loss from a price floor using triangle area

3 min

Finding equilibrium wage rate and quantity from a supply and demand table

3 min

Calculating hours worked and unemployed under a $10 minimum wage

4 min

Minimum wage with increased labor demand: hours worked vs unemployed

3 min