Price Floors and Surpluses
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Uploader Comments (TheWyvern66)
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A classic example of this is the european union's common agricultural policy. Which has lead to a bad deal for consumers, and has squeezed local producers out of the market in developing countries (the surplus is exported at a low price, consumers buy the exported goods, causing a collapse in the Qd of their local food products).
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Will there be scenarios where a price floor really helps both consumers and producers? Btw I really like your sweater and have to agree that your looking really good. Total agree with srslayerz
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Has anyone ever told you you're really good looking?
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Thank you! You know how to make an old man feel good!
TheWyvern66 3 months ago