Regulation App

For Economics & Society (SMU) by Kosmas Marinakis, Ph.D.

A regulator caps or floors the price in a market. Choose a competitive market or a monopoly, set the curves, then see who gains and who loses.

Market demand

P = a − bQ

Market supply

P = h + gQ

Market

Regulation

← Price ceiling Price floor →

Equilibrium

Notes for these parameters