Price Ceiling and Price Floor | Think Econ

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  • Опубликовано: 11 дек 2024

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 +33

    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! :)

  • @JustBreakingBreadTV
    @JustBreakingBreadTV Месяц назад +2

    Yes, this is a great video on Market equilibrium.

  • @Kat_Tube
    @Kat_Tube Год назад +8

    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!

  • @StanleyAmagu
    @StanleyAmagu Месяц назад +4

    RUclips is important than classroom

  • @maearianboter6052
    @maearianboter6052 2 года назад +6

    thank you and God Bless you

  • @DGraham-i3y
    @DGraham-i3y 11 месяцев назад +1

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

  • @fahimahmmedbd
    @fahimahmmedbd Год назад +2

    Thanks for the lesson

  • @siddiqabanusiddiqabanu2659
    @siddiqabanusiddiqabanu2659 Год назад +3

    Very good explanation

  • @georgevalentine780
    @georgevalentine780 3 месяца назад +3

    It was an excellent presentation.

  • @vishwarana8698
    @vishwarana8698 Год назад +3

    please post video on quotas, tax and subsidies calculation

  • @constancesandra3881
    @constancesandra3881 21 день назад +1

    Well explained

  • @greatblue69
    @greatblue69 Год назад

    very good explanation thank you

  • @khangembamkumar7274
    @khangembamkumar7274 Месяц назад

    Great content 💯

  • @sonixx5717
    @sonixx5717 3 месяца назад +1

    Thanks for the information

    • @ThinkEcon
      @ThinkEcon  3 месяца назад +1

      You're welcome!

  • @AstreaDevaul
    @AstreaDevaul Месяц 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?

  • @yavineas3353
    @yavineas3353 3 месяца назад +1

    nice explanation

    • @ThinkEcon
      @ThinkEcon  3 месяца назад +1

      Thank you! Glad you enjoyed!

  • @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

  • @marchelinogeorge
    @marchelinogeorge Год назад +1

    How do you create these graphs and put the markings?

  • @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

  • @rosscardenas6636
    @rosscardenas6636 2 месяца назад

    very interesting.

  • @SherifEL-MANKABADY
    @SherifEL-MANKABADY Месяц назад

    please do something about dead weight loss

  • @diptiranjanbiswal8407
    @diptiranjanbiswal8407 Год назад +1

    Thank you sir. love from India

    • @ThinkEcon
      @ThinkEcon  Год назад +1

      You’re very welcome!

  • @scm3184
    @scm3184 Месяц 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'

  • @alexmercerind
    @alexmercerind 2 года назад +2

    nice

  • @resin_orchidals
    @resin_orchidals 11 месяцев назад

    very helpful thank u

  • @beautifulbutterflies4470
    @beautifulbutterflies4470 Год назад

    Thanks

  • @purplezinnia1139
    @purplezinnia1139 Год назад

    Please post a video on deadweight. Thanks!

    • @ThinkEcon
      @ThinkEcon  Год назад +1

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

  • @fengding9360
    @fengding9360 8 месяцев назад +1

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

    • @ThinkEcon
      @ThinkEcon  6 месяцев назад +1

      Check out our taxation videos to see DWL with taxes!

  • @BioDeus
    @BioDeus 10 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 7 месяцев назад +1

    👍👍

  • @GaleyNamgyel
    @GaleyNamgyel Месяц назад

    How do we find total surplus after price floor

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

    Please post the video

  • @kathypresley83
    @kathypresley83 Месяц назад

    arent the price floor and celling switched

  • @عشوائياتكرةالقدم-ف9ن

    please post video about Tax and subsidies and how to calculate