Some Fun with Price Controls

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Some Fun with Price Controls

Hi all,

It's summer, so a lot of people are getting a break from their academic studies (or jobs!), but that's no reason to stop learning!   This week, I'm bringing you some information on price controls and their effects, since it's important to understand that people might not be able to get as much as they want (or work as much as they want) at the price they want.  That said, sometimes price controls can be be helpful- how?  You'll have to read to find out.  :)

Cheers,
Jodi

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Jodi Beggs
Economics Expert
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What happens when a mandated maximum price is placed on a market?  Something to consider for your next rent-control discussion...

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