'Legal maximum' presentation slideshows

Lecture 2: Elasticity, Control on Prices & Production

Lecture 2: Elasticity, Control on Prices & Production Dr. Rajeev Dhawan Director Given to the EMBA 8400 Class Classroom South #608 January 6, 2007 Chapter 5 Elasticity Elasticity & Its Application Evaluating questions like-

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Supply, Demand, and Government Policies

6. Supply, Demand, and Government Policies. Controls on Prices. How price ceilings affect market outcomes Price ceiling Legal maximum on the price at which a good can be sold Not binding Above the equilibrium price No effect Binding constraint Below the equilibrium price Shortage

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The Market Equilibrium (One More Time)

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