{"id":222,"date":"2015-07-17T22:24:09","date_gmt":"2015-07-17T22:24:09","guid":{"rendered":"https:\/\/pressbooks.ccconline.org\/accmacro\/chapter\/outcome-price-ceilings\/"},"modified":"2023-07-15T01:22:00","modified_gmt":"2023-07-15T01:22:00","slug":"outcome-price-ceilings","status":"publish","type":"chapter","link":"https:\/\/pressbooks.ccconline.org\/accmacro\/chapter\/outcome-price-ceilings\/","title":{"raw":"Outcome: Price Ceilings","rendered":"Outcome: Price Ceilings"},"content":{"raw":"<h2>What you\u2019ll learn to do: analyze the consequences of the government setting a binding price ceiling<\/h2>\r\nIn this outcome, we will learn what happens when prices are held below a certain level. Governments typically set a price ceiling to protect consumers by making necessary products affordable, but in this section you'll see how this sometimes backfires by creating a market shortage or other unintended consequences.\r\n\r\nThe specific things you\u2019ll learn to do in this section include:\r\n<ul>\r\n \t<li>Identify the market\u2019s equilibrium price and quantity under a price ceiling<\/li>\r\n \t<li>Compute and graph the market shortage resulting from a price ceiling<\/li>\r\n<\/ul>\r\n<h3>LEARNING ACTIVITIES<\/h3>\r\nThe learning activities for this section include:\r\n<ul>\r\n \t<li>Reading: Price Ceilings<\/li>\r\n \t<li>Self Check: Price Ceilings<\/li>\r\n<\/ul>\r\nTake time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.","rendered":"<h2>What you\u2019ll learn to do: analyze the consequences of the government setting a binding price ceiling<\/h2>\n<p>In this outcome, we will learn what happens when prices are held below a certain level. Governments typically set a price ceiling to protect consumers by making necessary products affordable, but in this section you&#8217;ll see how this sometimes backfires by creating a market shortage or other unintended consequences.<\/p>\n<p>The specific things you\u2019ll learn to do in this section include:<\/p>\n<ul>\n<li>Identify the market\u2019s equilibrium price and quantity under a price ceiling<\/li>\n<li>Compute and graph the market shortage resulting from a price ceiling<\/li>\n<\/ul>\n<h3>LEARNING ACTIVITIES<\/h3>\n<p>The learning activities for this section include:<\/p>\n<ul>\n<li>Reading: Price Ceilings<\/li>\n<li>Self Check: Price Ceilings<\/li>\n<\/ul>\n<p>Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.<\/p>\n","protected":false},"author":32,"menu_order":107,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-222","chapter","type-chapter","status-publish","hentry"],"part":254,"_links":{"self":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/users\/32"}],"version-history":[{"count":1,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/222\/revisions"}],"predecessor-version":[{"id":223,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/222\/revisions\/223"}],"part":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/parts\/254"}],"metadata":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/222\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/media?parent=222"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapter-type?post=222"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/contributor?post=222"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/license?post=222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}