'Minimum price buyers' presentation slideshows

Table of Contents

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Price and Quantity Controls

Price and Quantity Controls. Mr. Bordelon AP Economics. Price Controls. Price control. A legal restriction on how high or low a market price may go. Price controls are enacted by governments in response to political pressures from buyers and sellers.

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Lesson Overview

Lesson Overview. Chapter 5 Price and Quantity Controls Why Governments Control Prices Price Ceilings How Price Ceilings Cause Inefficiency So Why are there Price Ceilings? Price Floors How Price Floors Cause Inefficiency Quantity Controls Controversy: Minimum Wages Summary

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New York City: An empty taxi is hard to find.

What you will learn in this chapter: ? The meaning of price controls and quantity controls , two kinds of government intervention in markets ? How price and quantity controls create problems and make a market inefficient

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