Price Floors and Price Ceilings
Watch this video to learn about the way in which government price controls (price floors and price ceilings) can sometimes alter the market outcome. Note if price controls are set at levels that make them ineffective. Some notable examples of real world price controls are also discussed.
Source: Dr. Mary J. McGlasson, https://youtu.be/XgBPAucs-W4?list=PLF2A3693D8481F442
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Last modified: Friday, May 21, 2021, 3:50 PM