Price Ceilings and Price Floors Practice
Drag the ceiling or floor on the graph below, then answer five exam-style questions on binding vs. non-binding controls, shortages, surpluses, and deadweight loss.
One tile of the full market analysis unit.
The course teaches market analysis interactively — drag the graphs, practice with feedback, and spaced reviews bring it back before you forget. Free.
Interactive graph
Five practice questions
Pick an answer, then click Check answer to see the explanation.
Question 1 of 5
A price ceiling is binding only if it is set:
Question 2 of 5
A binding price ceiling on rental housing will typically cause:
Question 3 of 5
The minimum wage is an example of:
Question 4 of 5
A binding price floor on a good typically creates:
Question 5 of 5
Which statement about deadweight loss from a binding price ceiling is correct?
What the course adds
Beyond this one page
The market-analysis unit extends these five questions into the full welfare arithmetic — transfers, deadweight loss, and the policy trade-offs that price controls create — with adaptive practice that surfaces what you keep mis-answering.
Spaced reviews
FSRS brings every concept back right before you'd forget. ~50% better retention than re-reading.
Per-concept mastery
Performance Factor Analysis tracks each sub-skill separately — you see which version of the idea is still wobbly.
Diagnostic placement
A short test skips you past what you already know. No re-learning the basics.
For instructors
Assign this to your class
Free, no account needed for students. Paste either snippet into Canvas, Moodle, Blackboard, Google Classroom, or your slide deck.
Sends students to the full page with the worked example and related lessons.
Inlines just the interactive widget in your LMS — no nav, no footer, no signup wall.
Want the deeper story on price controls?
The Econ Academy welfare unit builds from supply and demand all the way through taxes, subsidies, and monopoly — with interactive graphs and spaced repetition.