Topic Videos
Maximum Prices - Analysis
- Level:
- AS
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 21 Mar 2021
The short revision video looks at price ceilings in markets. A maximum price must be set below the normal free market equilibrium price to have any effect on price and output.
You might also like
Evaluating Government Intervention
Exam Technique Advice
Government Intervention - Economics of Carbon Taxes
Topic Videos
Key Diagrams - Maximum Prices and Consumer Welfare
Topic Videos