Price controls − maximum price

IB Economics: Price controls − maximum price

This lesson focuses on the impact of a maximum price on the market for a good or service. At first glance many of your students may be supportive of a maximum price on certain goods and services. This is because the benefits of price controls for certain products seem obvious − who wouldn"t want to pay less for the goods and services that they purchase? However, an important lesson which your classes need to take...


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