Economics skill

Explain and Analyze Price Controls, Surplus and Efficiency

With this skill you will learn
  • Elucidate application of demand and supply in the labour market
  • Causes of a shift in the labour demand curve
  • Causes of a shift in the labour supply curve
  • Explain the four-step process to capture changes in equilibrium in the labour market
  • Apply and explain price floors in the labour market - Minimum wage
  • Apply and explain demand and supply for the financial market
  • Identify demand in the financial market
  • Identify supply in the financial market
  • Find an equilibrium in the financial market graphically and empirically
  • Explain price ceilings in financial markets
  • Analyze the market system as an efficient mechanism for information

Explain and Analyze Price Controls, Surplus and Efficiency Questions

Questions that need this skill to solve them

Learn this skill

Group Live Tutoring

Group Live Tutoring

Develop a comprehensive understanding of fundamental economics concepts and applications in a classroom of students motivating each other.
$25 USD/session
Group Live Tutoring

Group Live Tutoring

Develop a comprehensive understanding of fundamental economics concepts and applications in a classroom of students motivating each other.
$25 USD/session