Price Floor

Learn about the concept of a price floor and the impact it can have on pricing, consumer demand, and production. Continue reading

Price Ceiling

This Cramlet explains the concept of the price ceiling and the impact it can have on pricing, consumer demand, and production. Continue reading

Production Possibilities Frontier

The production possibilities frontier is a graph representing the possible output combinations of two products in the current market of technology and resources, creating a choice of tradeoffs in the marketplace. Learn more about the production possibilities frontier with this interactive tutorial. Continue reading