Price Ceiling and Price Floor | Think Econ

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  • Опубликовано: 2 фев 2025

Комментарии • 53

  • @ThinkEcon
    @ThinkEcon  2 года назад +34

    Let us know if you found this video helpful! There's plenty more videos like this on the channel, so check them out! :)

  • @edwardjohnson2947
    @edwardjohnson2947 Год назад +34

    Yes we need a detailed video outlining deadweight loss

    • @ThinkEcon
      @ThinkEcon  Год назад +4

      Check it out! ruclips.net/video/_p2RlWgc0jU/видео.html&lc=Ugzap-Myg5t7HcmI3a94AaABAg

  • @francereale86
    @francereale86 2 года назад +20

    In my country, the goverment implemented this to some groceries like bread, milk, pasta, sugar and wheat because of the inflation. It's nice to see the in-depth explanation and how it all works. Thanks Mark and the think econ team!

    • @ThinkEcon
      @ThinkEcon  2 года назад +9

      That's another great example of when a price ceiling will be implemented! We're glad that the video helped to shed some light on the underlying economics of it all, and we appreciate your support of the channel, Fran! :)

  • @StanleyAmagu
    @StanleyAmagu 2 месяца назад +7

    RUclips is important than classroom

  • @JustBreakingBreadTV
    @JustBreakingBreadTV 3 месяца назад +2

    Yes, this is a great video on Market equilibrium.

  • @Kat_Tube
    @Kat_Tube Год назад +9

    very helpful for my econ test tomorrow :)

    • @ThinkEcon
      @ThinkEcon  Год назад +1

      Good luck!

    • @Kat_Tube
      @Kat_Tube Год назад +3

      @@ThinkEcon thanks! i got 97% because of this video, i'll be sure to keep watching 😁

    • @ThinkEcon
      @ThinkEcon  Год назад +1

      I’m glad to hear it! Congrats on that 97, that’s amazing!

  • @maearianboter6052
    @maearianboter6052 2 года назад +6

    thank you and God Bless you

  • @DGraham-i3y
    @DGraham-i3y Год назад +1

    Professor?
    I took Micro
    from you, too.
    Micro and Price Theory.
    Excellent.

  • @georgevalentine780
    @georgevalentine780 5 месяцев назад +3

    It was an excellent presentation.

  • @fahimahmmedbd
    @fahimahmmedbd Год назад +2

    Thanks for the lesson

  • @vishwarana8698
    @vishwarana8698 Год назад +3

    please post video on quotas, tax and subsidies calculation

  • @siddiqabanusiddiqabanu2659
    @siddiqabanusiddiqabanu2659 Год назад +3

    Very good explanation

  • @khangembamkumar7274
    @khangembamkumar7274 3 месяца назад

    Great content 💯

  • @AstreaDevaul
    @AstreaDevaul 2 месяца назад

    Great analysis, thank you! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

  • @greatblue69
    @greatblue69 Год назад

    very good explanation thank you

  • @sonixx5717
    @sonixx5717 5 месяцев назад +1

    Thanks for the information

    • @ThinkEcon
      @ThinkEcon  5 месяцев назад +1

      You're welcome!

  • @diptiranjanbiswal8407
    @diptiranjanbiswal8407 Год назад +1

    Thank you sir. love from India

    • @ThinkEcon
      @ThinkEcon  Год назад +1

      You’re very welcome!

  • @constancesandra3881
    @constancesandra3881 2 месяца назад +1

    Well explained

  • @ericaankude7059
    @ericaankude7059 Год назад +3

    Please upload a video about dead weight loss

    • @ThinkEcon
      @ThinkEcon  Год назад +1

      How to Calculate Deadweight Loss (with a Price Floor) | Think Econ
      ruclips.net/video/_p2RlWgc0jU/видео.html

  • @yavineas3353
    @yavineas3353 5 месяцев назад +1

    nice explanation

    • @ThinkEcon
      @ThinkEcon  5 месяцев назад +1

      Thank you! Glad you enjoyed!

  • @nitindasari8754
    @nitindasari8754 2 года назад +4

    Can you do a video on Deadweight loss !!

    • @ThinkEcon
      @ThinkEcon  2 года назад +1

      We actually uploaded one a couple weeks ago! Here's the link: ruclips.net/video/_p2RlWgc0jU/видео.html

  • @resin_orchidals
    @resin_orchidals Год назад

    very helpful thank u

  • @marchelinogeorge
    @marchelinogeorge Год назад +1

    How do you create these graphs and put the markings?

  • @SherifEL-MANKABADY
    @SherifEL-MANKABADY 2 месяца назад

    please do something about dead weight loss

  • @scm3184
    @scm3184 3 месяца назад

    Would enthusiastically suggest that, if you are going to try and simplificate economy graphics with dydactic intents, it's important to use clear compositions for such graphics in a way that the axis on which they show are defined:
    Ex:
    X axis means "price"
    Y axis means "avialability".
    Just sayin'

  • @rosscardenas6636
    @rosscardenas6636 4 месяца назад

    very interesting.

  • @beautifulbutterflies4470
    @beautifulbutterflies4470 Год назад

    Thanks

  • @alexmercerind
    @alexmercerind 2 года назад +2

    nice

  • @purplezinnia1139
    @purplezinnia1139 2 года назад

    Please post a video on deadweight. Thanks!

    • @ThinkEcon
      @ThinkEcon  2 года назад +1

      We made one a couple of months ago; here's the link to it: ruclips.net/video/_p2RlWgc0jU/видео.html

  • @fengding9360
    @fengding9360 10 месяцев назад +1

    How to calculate DWL when there is a price floor plus a tax?

    • @ThinkEcon
      @ThinkEcon  8 месяцев назад +1

      Check out our taxation videos to see DWL with taxes!

  • @GaleyNamgyel
    @GaleyNamgyel 3 месяца назад

    How do we find total surplus after price floor

  • @BioDeus
    @BioDeus 11 месяцев назад

    What do you suggest when corporations are creating a price floor in the interest of Corp profits. Aka: greedflation?

  • @Mwenyamukupa-qm8qc
    @Mwenyamukupa-qm8qc 9 месяцев назад +1

    👍👍

  • @kathypresley83
    @kathypresley83 3 месяца назад

    arent the price floor and celling switched

  • @SthabileShorta-pi3nt
    @SthabileShorta-pi3nt Год назад +1

    Please post the video

  • @عشوائياتكرةالقدم-ف9ن

    please post video about Tax and subsidies and how to calculate