Price Ceiling and Price Floor | Think Econ

In this video we explain price ceilings and price floors. We go over what they look like on a graph, as well as an example of each!
Link to Shortage and Surplus video: • How to Calculate A Sho...
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[@ThinkEcon]

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

[@edwardjohnson2947]

Yes we need a detailed video outlining deadweight loss

[@ThinkEcon]

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

[@franb22]

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]

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! :)

[@Kat_Tube]

very helpful for my econ test tomorrow :)

[@ThinkEcon]

Good luck!

[@Kat_Tube]

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

[@ThinkEcon]

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

[@georgevalentine780]

It was an excellent presentation.

[@maearianboter6052]

thank you and God Bless you

[@fahimahmmedbd]

Thanks for the lesson

[@siddiqabanusiddiqabanu2659]

Very good explanation

[@ThinkEcon]

Thank you!

[@siddiqabanusiddiqabanu2659]

@@ThinkEcon well come 😊

[@vishwarana8698]

please post video on quotas, tax and subsidies calculation

[@user-xt5oe2gm5v]

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

[@user-xr3bc8wb2q]

please post video about Tax and subsidies and how to calculate

[@greatblue69]

very good explanation thank you

[@nitindasari8754]

Can you do a video on Deadweight loss !!

[@ThinkEcon]

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

[@ericaankude7059]

Please upload a video about dead weight loss

[@ThinkEcon]

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

[@marchelinogeorge]

How do you create these graphs and put the markings?

[@diptiranjanbiswal8407]

Thank you sir. love from India

[@ThinkEcon]

You’re very welcome!

[@resin_orchidals]

very helpful thank u

[@beautifulbutterflies4470]

Thanks

[@alexmercerind]

nice

[@BioDeus]

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

[@purplezinnia1139]

Please post a video on deadweight. Thanks!

[@ThinkEcon]

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

[@fengding9360]

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

[@ThinkEcon]

Check out our taxation videos to see DWL with taxes!

[@Mwenyamukupa-qm8qc]

👍👍

[@SthabileShorta-pi3nt]

Please post the video

[@ThinkEcon]

We did!