Week 5 - Supply and Demand Continued

Video on Price Floor and Ceiling:

Follow the link below to the video on Demand.  Watch the video and then take the quiz at the end.  You must print out your quiz results at the end and you will need to score 4 out of 5 for this piece of the assignment to be considered complete.



Equilibrium Video

Answer these questions after watching the video below:

1.What is market equilibrium price? How is it created?

2. How do surpluses and shortages happen in terms of the laws of supply and demand?