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Economcis - Price Ceiling

Economcis - Price Ceiling

Author: Joe McClellan
Description:

Identify how government may intervene in the market to control prices through price ceilings.

The market tends to move toward equilibrium naturally...but what if the government gets involved.  In this tutorial, we discuss a price ceiling in the form of rent control on apartments.

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Economics - Price Ceilings

What happens when the government intervenes to create disequilibrium in the market?