1. Draw a diagram showing the effect of the imposition of a price ceiling on the market for rented accommodation.
2. Find a real-world example of rent controls and identify two consequences.
3. Draw a diagram to show the effect of the government imposing a price floor on the market for potatoes.
4. Discuss these effects on the different stakeholder groups involved. (Government, producers, and consumers)
5. Find a real-world example of such minimum price policies and identify two consequences.
6. What are the likely effects of imposing a minimum wage in the market for labor?
7. Consider real-world examples of minimum wage policies - Do they always result in a decrease in employment?