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Chapter 4: Demand and Supply Applications – Rationing, Market Efficiency, and Deadweight Loss

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Price Ceilings, Price Floors, and Black Markets

  • Guided course
    Price Ceilings
    07:07
  • Guided course
    Price Floors and Black Markets
    08:03
  • Guided course
    Price Floors
    02:18

Tariffs on Imports

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    Tariffs on Imports
    14:35

Positive and Normative Analysis

  • Guided course
    Identifying Statements
    02:48
  • Guided course
    Positive Statements vs. Normative Statements
    04:35

Consumer Surplus and Willingness to Pay

  • Guided course
    Consumer Surplus in a Small Setting
    14:41
  • Guided course
    Consumer Surplus and Market Demand
    06:08
  • Guided course
    Consumer Surplus
    03:15

Economic Surplus and Efficiency

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    Deadweight Loss and Market Failure
    07:08
  • Guided course
    Economic Surplus
    11:40

Effects of Shortage

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    Shortage
    02:01

Effects of Surplus

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    Surplus
    03:05