Exam 2 Review
Chapter 4 Governments in Markets
What are Price Ceilings?
What are they what do they do? (Help Consumers)
What are the Market impacts?
What are some examples?
What were some of the real world impacts of Rent Ceilings
Be able to analyze on gr
Chapter 8 Homework
Show the effect of an increase in demand with no change in supply.
Equilibrium quantity will increase and equilibrium price will increase.
Show the effect of an increase in supply with no
Chapter 4 Homework
The disease outbreak would make beef more appealing so the demand
for beef would increase
Since it is a decease in its own price the demand curv