Slide 1Ceilings and Floors Slide 2 The Role of Prices Convey information –When Tickle Me Elmos went up in price form about $30 to $300, it told us something about the popularity…
Slide 11 Efficiency and Exchange Slide 2 2 The Domain of Markets Free markets promote efficiency But, markets cannot be expected to solve every problem (e.g., market economies…
Slide 1 Slide 2 PART 3 HOW GOVERNMENTS INFLUENCE THE ECONOMY Government Influences on Markets CHAPTER 7 Slide 3 When you have completed your study of this chapter, you will…