Lecture 6: Covers chapter 5 of Krugman's Principles of Microeconomics. Building off of Lecture 5, Professor Hoynes explores how price floors and price ceilings impact surplus in the market.

Price Floors and Price Ceilings

This course provides an introduction to microeconomics. Professor Hoynes lectures on markets, supply and demand, efficiency and equity. She also uses this basic framework to consider a host of real world applications including taxes, environmental policy, education and welfare programs.

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Price Floors and Price Ceilings

Price Floors and Price Ceilings