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.
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 ))
Thanks for explaining! I wasn't quite sure about this concept, but now I understand.
Aman1238 5 months ago in playlist Videos from agsmandrew
great video, thanx!
Smiley0091 9 months ago
AP test tomorrow....Thanks a lot!
aydarsh 9 months ago
THank you soo much! I finally think I get it!
pwader 1 year ago
This helped so much! Thank you! <3
kustumb 1 year ago
Made it easy to understand
tgwija 1 year ago
Thnx Gud video
MrBigbiggerbiggest 1 year ago
Great video! Clear drawings and explanation!
hellodoo 1 year ago
very helpful
filmore123 2 years ago
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 ))
TheDenpavlov 2 years ago