Question: ( GRAPH each question, starting with equilibrium S and D and P and Q , and then show a straight horizontal line at the shortage
GRAPH each question, starting with equilibrium and and
and and then show a straight horizontal line at the shortage
or surplus
Graph Minimum Wage and show the winners and losers. Who benefits and
who is harmed by minimum wage?
Graph Rent Control and show the winners and losers. If rent controls are
so counterproductive, why do cities impose them? How else might the
housing problems of poor people be solved?
Who is harmed by rent controls? Who is helped?
What would happen in the milk market if the government set a minimum
price of $ per gallon? What might motivate such a policy?
What happens to hip surgery if the government implements a price ceiling
on how much surgeons can charge for the surgery? Make sure to graph
the price ceiling and show the winners and losers. Would this create a
shortage or surplus of operations?
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