Price Ceilings, Price Floors and Quotas | AP Micro 2.8B

Price ceilings, price floors and quotas: when they bind, the shortage or surplus they create, the deadweight loss, and quota rent, on the graphs the AP exam expects you to draw. Every worked example ends with a "what just happened" recap, and each formula is re-taught the moment it comes back, so you never have to remember it from ten minutes ago. Pause at each Quick check and try it first. Follows Module 2.8B of Krugman's Economics for the AP Course, 4th ed., and College Board's AP Microeconomics Topic 2.8. All of Unit 2 in one place: https://www.econlearn.org/units/ap-mi... Practice the graph free: https://www.econlearn.org/sandbox/sup... 0:00 Intro 0:17 Three tools 0:38 Price ceiling 4:03 Price floor 6:21 Quota 7:34 Quick check 8:39 Recap A companion to Krugman's Economics for the AP Course, 4th ed. Not affiliated with the authors or BFW. AP is a trademark registered by College Board, which is not affiliated with, and does not endorse, this video.