'Minimum wage affects' presentation slideshows

Elasticity of Supply & Demand

Elasticity of Supply & Demand. PRICE ELASTICITY OF DEMAND. THE LAW OF DEMAND SAYS. Consumers will buy more when prices go down and less when prices go up. HOW MUCH MORE OR LESS?. Price Elasticity Provides an Answer . PRICE ELASTICITY OF DEMAND. Measures Responsiveness to Price Changes.

1.49k views • 97 slides

Supply, Demand, and Government Policies

Supply, Demand, and Government Policies. Controls on Prices. Price ceiling A legal maximum on the price at which a good can be sold Usually imposed to appease a particular group of consumers Price floor A legal minimum on the price at which a good can be sold

638 views • 41 slides

460 views • 37 slides

461 views • 37 slides