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Download Module Supply and Demand: Quantity Controls
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Module 9 Supply and Demand: Quantity Controls KRUGMAN'S MACROECONOMICS for AP* Margaret Ray and David Anderson What you will learn in this Module: • The meaning of quantity controls, another way government intervenes in markets • How quantity controls create problems and can make a market inefficient • Who benefits and who loses from quantity controls, and why they are used despite their well-known problems Controlling Quantities • Quantity Control Quota • Licenses The Anatomy of Quantity Controls The Anatomy of Quantity Controls • Demand Price • Supply Price • Wedge - Quota Rent The Cost of Quantity Controls • Deadweight Loss
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