CMA Part 1A Mircoeconomics
© 2010 South-Western, a part of Cengage Learning, all rights reserved C H A P T E R 2010 update The Costs of Production M icroeconomics P R I N C I P L.
Markets in Action CHAPTER 6. After studying this chapter you will be able to Explain how housing markets work and how price ceilings create housing shortages.
When you have completed your study of this chapter, you will be able to C H A P T E R C H E C K L I S T Explain how a rent ceiling creates a housing shortage,
MARKETS IN ACTION 6 CHAPTER. Objectives After studying this chapter, you will able to Explain how housing markets work and how price ceilings create housing.
CH 4 Review Game. A change in price can result from I.A change in demand II.A change in supply A)I only B) II only C) Both I and II D) Neither I nor II.
Objectives © Pearson Education, 2005 Markets in Action Chapter 6.
Ch. 6: Markets in Action. Price ceiling and inefficiencies. Minimum wages and inefficiency. Sales tax Volatility of farm prices and revenues How production.
: Supply, Demand, and Government Policies In a free, unregulated market system, market forces establish equilibrium prices and exchange quantities. While.
Price Ceilings and Price Floors1 PRICE CEILINGS AND PRICE FLOORS ECO 2023 Principles of Microeconomics Dr. McCaleb.
Chapter 13
Units 2&3 prod. & cost functions
