Chapter 6: Supply, Demand and Government Intervention - Part 1 - price controls and taxes

Price ceilings 0:26 Binding vs nonbinding 1:31 Other rationing mechanisms 5:26 Impact of a price ceiling on consumer and producer surplus 15:11 Price floors 24:06 Binding vs nonbinding 24:30 Impact of a price floor on consumer and producer surplus 29:47 Alternatives to floors and ceilings 39:22