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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