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Government imposes price floors - PowerPoint PPT Presentation

Should the Government Control Apartment Rents?

Should the Government Control Apartment Rents?. Learning Objectives. New York City has two million apartments, about one million of which are subject to rent control. The other one million apartments have their rents determined in the market by the demand and supply for apartments.

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447 views • 33 slides

Market Efficiency and Market Failure

Market Efficiency and Market Failure. Price ceiling A legally determined maximum price that sellers may charge. Price floor A legally determined minimum price that sellers may receive.

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270 views • 27 slides

Consumer Surplus and Producer Surplus

Learning Objective 4.1. Consumer Surplus and Producer Surplus. Consumer Surplus. Consumer surplus The difference between the highest price a consumer is willing to pay and the price the consumer actually pays.

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823 views • 25 slides

Standard Address

Standard Address. 6.3 - Objectives. 12.1 Students understand common terms & concepts and economic reasoning. Distinguish between productive efficiency and allocative efficiency. Explain what happens when government imposes price floors and ceilings.

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224 views • 22 slides

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'Government imposes price floors' diaporamas de présentation

Government imposes price floors - PowerPoint PPT Presentation

Should the Government Control Apartment Rents?

Market Efficiency and Market Failure

Consumer Surplus and Producer Surplus

Standard Address