AP Economics – 9/26/2018

I.  Bellwork:

Page 90 (1-5) letter and answer

II.  Objectives

  • •Describe how quantity controls create problems and can make a market inefficient
  • Explain who benefits and who loses from quantity controls
  • Analyze, Interpret,  and communicate the impact of price controls

III.  Turn in Homework

IV.  Discussion:  ILearn PPT Module 9 Section 2

A.  Quantity Controls Pgs 92-97

  • Supply Price & Demand Price
  • Wedge
  • Quota Rent
  • Dead weight Loss

V.  Quiz

VI.  Big Test on Friday


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