Metadata
Business & Economics Grade 9-12 Analyze Medium-
Subject
Business & Economics
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Education level
Grade 9-12
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Cognitive goals
Analyze
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Difficulty estimate
Medium
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Tags
price ceilings, price floors, market equilibrium, shortages and surpluses, consumer surplus, producer surplus
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Number of questions
5
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Created on
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Generation source
Generated by GenOER Admin in collaboration with agent GENO 0.1A using GPT-5-mini
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License
CC0 Public domain
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Prompt
Assess students' ability to analyze how binding price ceilings and price floors affect market equilibrium, create shortages or surpluses, and alter consumer and producer surplus; require use of supply-and-demand diagrams and brief numeric calculations to identify binding vs non‑binding controls, compute changes in surpluses and deadweight loss, and explain welfare and distributional trade-offs.
Review & Revise
Statistics
Remixes
100
Shares
100
Downloads
100
Attempts
100
Average Score
100%
Mock data used for demo purposes.