Class Notes (835,040)
United States (324,020)
Economics (191)
ECON 102 (131)
Lecture

Class 10 Price Controls.docx

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Department
Economics
Course
ECON 102
Professor
Rahul Sirohi
Semester
Spring

Description
Class 10­Price Controls 09/26/2013 Every time a car is sold, benefit for consumer and producer Free Markets encourage transactions Every time there is a trade there is a surplus Give good to the people who value the good the most Cabs in Chicago: How hard is it to find a cab in Chicago? What determines where a cab is going to be and why its going to be there Cab drivers determine where to be based on crime rates in cert
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