'Legal price' presentation slideshows

Economics Chapter 6:

Economics Chapter 6:. Prices and Decision Making. Economics Chapter 6: Prices and Decision Making. Prices serve as signals to both producers and consumers. In doing so, they help decide the basic WHAT, HOW, and FOR WHOM questions that all societies face.

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Price Floors and Price Ceilings

Price Floors and Price Ceilings. Price Ceiling. Maximum legal price a seller may charge for a product or service At price at or below the ceiling is legal; a price above is not Protects consumers Price ceilings cause shortages Ex: Rent Controls. Price Floors.

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Unit 2 : Reading Quiz # 5 : 6 points

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