This Government Price Controls (Floors and Ceilings) video also includes:
How do price ceilings result in shortages in the United States economy? Watch as an instructor uses graphs to illustrate this concept, as well as how price floors result in surpluses; all in less than 60 seconds!
Consider using video as a model for your own instruction, to which you can add supplemental activities, materials, or a more detailed and interactive lecture. You can also add this to your website as a flipped classroom resource.
- Class members should have strong foundational knowledge of supply and demand before beginning video