Lesson 4: Disequilibrium and Price Controls
Duration of Days: 1
Lesson Objective
Students will explain shortages, surpluses, price ceilings, and price floors.
What happens when prices are set above or below equilibrium? How can government policy affect markets?
D2.Eco.7.9-12
D2.Eco.8.9-12
CCSS.ELA-LITERACY.RH.11-12.7
Students analyze how price controls can create shortages or surpluses using examples and graphs. DOK Level 3
Real-world examples, graph labels, discussion stems, scenario supports
Short response or multiple-choice check