Applications of Supply and Demand
This review will guide you through an adaptive, research-backed study session. As you answer questions, we will actively assess your current understanding of the material. Questions will continue to be drawn until you have demonstrated mastery of each learning objective.
Reviews are graded based on completion. You will receive full credit for achieving 100% mastery or answering all questions.
Learning objectives for this review:
- Analyze the effects of price controls on market outcomes.
- Discuss the impact of taxes and subsidies on supply and demand.
- Evaluate real-world examples of supply and demand applications.