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Unformatted text preview: Chapter 5 • Price elasticity of Demand • Under what Circumstances are good or services more elastic or less elastic (Inelastic)? Review Exam 2 Economics T-Th A. Ordonez Chapter 6 809-195-3K1C 3/4/10 Chapter 6 • When/Why are price controls imposed? • Price Floor • Price Ceiling • When is a Price Floor Binding (Effective)? • When is a Price Ceiling Binding (Effective)? Exam 2 40 Multiple Choice worth 2 points each (80points) 4 graphs worth 5 points each (20 points) Check both sides of sheet on test (test uses both sides)...
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This note was uploaded on 05/10/2010 for the course ECONOMICS 809-195-3K taught by Professor A.ordonez during the Spring '10 term at Gateway Tech.
- Spring '10