Slide 16/5/2014CRC Microeconomics1 Slide 2 6/5/2014CRC Microeconomics2 What did you study last time? Chapter 5 Elasticities & Applications Elasticities Applications Slide…
Slide 1 Warm Up Should the government control the price of goods and services? (for example, should they place a $2 price limit on a cup of coffee?) Have hw on your desk…
Government Imposed Price Controls The government should make gas cheaper and minimum wage higher! Most prices in the United States are set by the market Supply and demand…