Economics – 11/13/19

I Bellwork  Supreme Court Rejects Rent Control Challenge

  1. Explain the reasoning used by those against rent control.
  2. Explain the reasoning used by those supporting rent control.
  3. What factors did the Supreme Court take into consideration and what was the basis for their decision?  Do you agree? Explain.

II.   Objectives:

  • Analyze and provide examples of how price controls are practiced and their impact.
  • Identify the impact resulting from changes in Demand and Supply on equilibrium Price and Quantity
  • Integrate and evaluate various graphic models in order to address a question or solve a problem.

III.  Review & Discuss Chapter 6 Concepts

IV.  Chapter 6 Test Tomorrow

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