To memorize the locations of price ceiling and price floor on an equilibrium graph, I find it helpful to utilize Ms. Mccartney's slogan; "only in economics are floors above ceilings"
The video you included was really helpful in explaining price floor and even price ceiling. I kept getting confused between the two but now I fully understand how each works. Do you know if he has any more videos that we will probably need throughout the year?
To memorize the locations of price ceiling and price floor on an equilibrium graph, I find it helpful to utilize Ms. Mccartney's slogan; "only in economics are floors above ceilings"
ReplyDeleteThe video you included was really helpful in explaining price floor and even price ceiling. I kept getting confused between the two but now I fully understand how each works. Do you know if he has any more videos that we will probably need throughout the year?
ReplyDeleteHe will have more videos in the future, he mosts weekly I believe.
DeleteThe video you added in addition to your notes was extremely helpful.It helped me clear up any misunderstandings I had about this concept. Thank you.
ReplyDelete