Price floors and surplus

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Uploaded by on Feb 15, 2010

Description of how price floors operate in a competitive market and the effects on consumer surplus, producer surplus and social surplus using supply and demand diagrams.

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  • Thanks for explaining! I wasn't quite sure about this concept, but now I understand.

  • great video, thanx!

  • AP test tomorrow....Thanks a lot!

  • THank you soo much! I finally think I get it!

  • This helped so much! Thank you! <3

  • Made it easy to understand

  • Thnx Gud video

  • Great video! Clear drawings and explanation!

  • very helpful

  • If we are talking about tobacco or alco markets where price floors occur the long-run customers surplus (health) is supposed to be higher than that of market equilibrium ))

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