Price Floors And Ceilings Worksheet Answers

Price floors ceilings worksheet a price floor is the minimum price that can legally be charged in a market.

Price floors and ceilings worksheet answers.

Use your answer in a to label the line on your graph at the price of 5 50. A price ceiling is the maximum price that can legally be charged in a market. This would be called a price floor b. About this quiz worksheet.

At a price of 5 50 the quantity demanded would be 240 d. This quiz worksheet combination will test your understanding of price ceilings and price floors. A store sells cheddar cheese by the pound. Price ceilings and price floorsfl.

Surplus price s 5 50 price floor 4 50 price ceiling 4 00 d 240 300 280 300 360 quantity related documents worksheet. The chart reflects the quantity demanded and the quantity supplied for the different prices the cheese could be sold. Quiz questions will focus on topics such as binding price ceiling. Price 6 00 5 50 5 00 4 50 4 00 3 50 3 00 quantity demanded 220 240 260 280 300 320 340 quantity supplied 400 360 320 280 240 200 160 2.

Price ceilings and price floors. Showing top 8 worksheets in the category chapter 6 price ceilings and price floors answer key. At a price of 5 50 the quantity supplied would be 360.