Price Floors Price Ceilings Consumer Surplus Producer Surplus
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All Comments (9)
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Extremely well-demostrated!!!!! Great Job!!1
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Hi! awesome video.
I have a doubt though, when you're explaining the price floor with government guarantee; theres a part of the consumer surplus which goes to the producer, and then a part of producer surplus 'generated' by our tax money.
But doesn't the price the government pay start at quantity demanded? In your explanation demand curve-Qd and Qe triangle remains unpaid for..! Shouldn't the surplus the government pays for include that small triangle as well?
Thanks!
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@economicsfun Okay. Thank you. =)
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Good it really helped me for my mba exam.
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@economicsfun great video, you couldn't make it more logical, or easier to understand. And I'm not even an economist.
shinenot 4 weeks ago in playlist Deadweight Loss
@shinenot Wow! Thanks appreciate the positive comments.
economicsfun 4 weeks ago
Great question. Yes you are right the price the government pays is the guaranteed price (at Qd & Pfloor). What I am trying to show is the brown triangle is additional surplus that neither the consumer or producer had before.
The quantity the government buys is Qs - Qd. The price the government pays is the new price floor (Pf). The government does not get any "surplus" and it is all transferred to the producer.
Let me know if I did not answer your question!
economicsfun 1 month ago
Hi there. May I know what software you used for this particular video? Your effects are so awesome! =D And I learned a lot from your videos. You explain everything clearly. Thanks!
katkatmateo 1 month ago
@katkatmateo thanks for your comments. I use a variety of different tools including Illustrator, Photoshop, Flash, Motion and Final Cut. Then I stick it all together. Unfortunately there is not one single too (not that I found at least) to build good animations.
economicsfun 1 month ago