DP Economics Questionbank
Price controls
Description
[N/A]Directly related questions
-
20N.1.SL.TZ0.2b:
Discuss the consequences for different stakeholders when the government imposes a price ceiling on a market.
-
20N.1.SL.TZ0.2a:
Explain the impact of a price floor on market outcomes.
-
16N.1.SL.TZ0.1b:
Discuss the view that governments should not intervene in housing markets.
-
21M.1.HL.TZ2.1b:
Evaluate the effectiveness of price floors in achieving a reduction in the consumption of demerit goods.
-
21M.1.SL.TZ1.2b:
Discuss the view that price floors are more effective than subsidies in providing assistance to producers in the agricultural sector.
-
21M.1.HL.TZ1.1a:
Explain why governments impose price floors in the market for agricultural products.
-
17M.3.HL.TZ0.02b.iii:
The government in Alpha imposes a price ceiling of $5 per kilogram.
Calculate the welfare loss after the imposition of the price ceiling.
-
17M.3.HL.TZ0.02b.ii:
The government in Alpha imposes a price ceiling of $5 per kilogram.
Calculate the change in the consumer surplus after the imposition of the price ceiling.
-
21M.3.HL.TZ0.1i:
Calculate the change in consumer expenditure on rice resulting from the imposition of the maximum price.
- 21M.3.HL.TZ0.1k: With reference to Figure 2, outline why the imposition of a maximum price might lead to the...
-
21M.3.HL.TZ0.1j:
State two methods of non-price rationing.
- 21M.3.HL.TZ0.1l: Explain one reason, apart from the possible creation of a parallel market, why the imposition of...
-
21M.3.HL.TZ0.1h:
Calculate the change in producer surplus resulting from the imposition of the maximum price.
-
21M.3.HL.TZ0.1g:
Calculate the shortage resulting from the imposition of the maximum price.
-
19M.1.HL.TZ2.1a:
Using an appropriate externalities diagram, explain why a government might decide to impose a price floor on a demerit good.
-
19M.1.SL.TZ1.2a:
Explain why a government might decide to impose a price ceiling on goods and services such as essential foods or rented housing.
-
19N.2.HL.TZ0.4b:
Using a demand and supply diagram, explain why the increase in the minimum wage might affect Cambodia’s garment manufacturing competitiveness against other countries in the region (paragraph [4]).
-
19N.3.HL.TZ0.1f.i:
State one measure that the government of Nissos might take to deal with this corn surplus, following the imposition of the price floor.
-
19N.3.HL.TZ0.1e.i:
Explain one possible advantage and one possible disadvantage of governments setting a price floor in agricultural markets.
- 19N.3.HL.TZ0.1f.ii: Outline why purchasing this surplus implies an opportunity cost for the government of Nissos.
-
19N.3.HL.TZ0.1e.ii:
Draw and label on Figure 1 a curve that illustrates the price floor in Nissos that leads to a monthly surplus of 3 million kg of corn.
-
19N.3.HL.TZ0.1f.iii:
Using Figure 1, determine the size of the decrease in monthly corn consumption following the imposition of the price floor.
-
19N.3.HL.TZ0.1f.iv:
Using Figure 1, calculate the change in consumer expenditure on corn in Nissos.
Sub sections and their related questions
Price ceilings (maximum prices): rationale, consequences and examples
-
16N.1.SL.TZ0.1b:
Discuss the view that governments should not intervene in housing markets.
-
17M.3.HL.TZ0.02b.ii:
The government in Alpha imposes a price ceiling of $5 per kilogram.
Calculate the change in the consumer surplus after the imposition of the price ceiling.
-
17M.3.HL.TZ0.02b.iii:
The government in Alpha imposes a price ceiling of $5 per kilogram.
Calculate the welfare loss after the imposition of the price ceiling.
-
19M.1.SL.TZ1.2a:
Explain why a government might decide to impose a price ceiling on goods and services such as essential foods or rented housing.
-
20N.1.SL.TZ0.2b:
Discuss the consequences for different stakeholders when the government imposes a price ceiling on a market.
-
21M.3.HL.TZ0.1g:
Calculate the shortage resulting from the imposition of the maximum price.
-
21M.3.HL.TZ0.1h:
Calculate the change in producer surplus resulting from the imposition of the maximum price.
-
21M.3.HL.TZ0.1i:
Calculate the change in consumer expenditure on rice resulting from the imposition of the maximum price.
-
21M.3.HL.TZ0.1j:
State two methods of non-price rationing.
- 21M.3.HL.TZ0.1k: With reference to Figure 2, outline why the imposition of a maximum price might lead to the...
- 21M.3.HL.TZ0.1l: Explain one reason, apart from the possible creation of a parallel market, why the imposition of...
Price floors (minimum prices): rationale, consequences and examples
-
19M.1.HL.TZ2.1a:
Using an appropriate externalities diagram, explain why a government might decide to impose a price floor on a demerit good.
-
19N.2.HL.TZ0.4b:
Using a demand and supply diagram, explain why the increase in the minimum wage might affect Cambodia’s garment manufacturing competitiveness against other countries in the region (paragraph [4]).
-
19N.3.HL.TZ0.1e.i:
Explain one possible advantage and one possible disadvantage of governments setting a price floor in agricultural markets.
-
19N.3.HL.TZ0.1e.ii:
Draw and label on Figure 1 a curve that illustrates the price floor in Nissos that leads to a monthly surplus of 3 million kg of corn.
-
19N.3.HL.TZ0.1f.i:
State one measure that the government of Nissos might take to deal with this corn surplus, following the imposition of the price floor.
- 19N.3.HL.TZ0.1f.ii: Outline why purchasing this surplus implies an opportunity cost for the government of Nissos.
-
19N.3.HL.TZ0.1f.iii:
Using Figure 1, determine the size of the decrease in monthly corn consumption following the imposition of the price floor.
-
19N.3.HL.TZ0.1f.iv:
Using Figure 1, calculate the change in consumer expenditure on corn in Nissos.
-
20N.1.SL.TZ0.2a:
Explain the impact of a price floor on market outcomes.
-
21M.1.SL.TZ1.2b:
Discuss the view that price floors are more effective than subsidies in providing assistance to producers in the agricultural sector.
-
21M.1.HL.TZ1.1a:
Explain why governments impose price floors in the market for agricultural products.
-
21M.1.HL.TZ2.1b:
Evaluate the effectiveness of price floors in achieving a reduction in the consumption of demerit goods.