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Unit 4.3 - Price Floors (Tragakes pages 92 - 95)
Check your knowledge & understanding on Zondle.com - Unit 4.4 - Price Controls
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Learning Outcomes:
● Explain why Governments impose Price Floors, and describe examples of Price Floors, including agricultural products & minimum wage. ● Draw a diagram of a price floor and analyze the impacts of a price floor on market outcomes. ● Examine consequences of Price Floors ● Discuss the consequences of imposing a Price Floor on stakeholders: consumers, producers and government. |
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Unit 4 - Government Intervention - Paper 3 Calculations - Price Floors
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Worked Solution & Graph |