Log inSign up

AP Microeconomics Flashcards: Effects Of Government Intervention In Markets

Study Effects Of Government Intervention In Markets in AP Microeconomics with focused flashcards that help you recognize the idea, recall the key rule, and apply it in practice-style prompts.

QUESTION

Identify one effect of a subsidy on market equilibrium.

Tap card or press Space to flip

ANSWER

It lowers the price and increases the quantity sold. Subsidy shifts supply right, creating new equilibrium.

1 / 33

AP Microeconomics: Supply and Demand

You are hereEffects of Government Intervention in Markets33 cards

All flashcards

33 cards

What this deck covers

This deck focuses on Effects Of Government Intervention In Markets, giving you a quick way to review the definitions, rules, and examples that matter most for AP Microeconomics.

How to use these flashcards

Work through these flashcards in short sessions. Try to answer each prompt before flipping the card, then revisit any cards you miss until the explanation feels automatic.

Practice questions

1 of 10Practice questions for this set
In the market for rental apartments, the city imposes a price ceiling of $P_c = $20 per month. Based on the market graph shown, does the policy create a shortage or surplus, and of what size?
Choose an answer

Keep your progress across every deck

Free account · cards you mark are saved to it