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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
- 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
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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