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Khan Academy: The Effect of Government Interventions on Surplus

Curated by ACT

Practice what you have learned about the impact of price controls and quotas on consumer surplus, producer surplus, total surplus, and dead-weight loss in this four-question exercise.

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Concepts
surplus
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Additional Tags
consumer surplus, producer surplus, khan academy, the effect of government interventions on surplus, dead-weight loss, impact of price controls and quotas on surplus, total surplus, deficit and surplus, degree of price control, marketing quota system
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Classroom Considerations
  • Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)
  • The intended use for this resource is Practice