FUN CHECK-IN QUIZ!

A price ________________ is a maximum price set by the government to prevent prices from getting too high.

This Sunday, we will turn our clocks ___________ one hour.

Ms. Hartman's favorite color is ___

A price __________ is a minimum price set by the government o prevent prices from going too low.

Rent control laws set a price _____________ on the amount of rent a landlord can charge a tenant.

TRUE or FALSE?

Minimum Wage laws are a great example of price ceilings.

The picture on the left represents:

The equilibrium price is the price at which the quantity of a product demanded by consumers equals the quantity supplied by _______________.

Rationing is the controlled distribution of a _________________ supply of a good or service.

A ___________ market is an illegal market in which goods are traded at prices or in quantities higher than those set by law.