Material Detail

In a think-pair-share activity, students first work independently to demonstrate mathematically and graphically how price floors and ceilings affect market outcomes. Students are then paired to share and revise their answers before being randomly chosen to report answers to the larger class.

• This exercise is designed for a principles of microeconomics course; however, instructors reviewing price controls in any course might find them equally useful.
• Follow up exercises are provided so that instructors might engage students with additional problem solving outside of class or develop additional think-pair-share exercises on these and related supply and demand concepts.

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