File:A Price Ceiling Example - Rent Control.jpg
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Summary
| Description |
English: The original intersection of demand and supply occurs at E0. If demand shifts from D0 to D1, the new equilibrium would be at E1—unless a price ceiling prevents the price from rising. If the price is not permitted to rise, the quantity supplied remains at 15,000. However, after the change in demand, the quantity demanded rises to 19,000, resulting in a shortage. |
| Date | |
| Source | https://openstax.org/details/books/principles-microeconomics (CNX_Econ_C03_012.jpg) |
| Author | OpenStax College |
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File history
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| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 02:44, 20 September 2017 | | 395 × 273 (100 KB) | Dave Braunschweig | User created page with UploadWizard |
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