The Effect of a Price Support
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- Опубликовано: 11 сен 2024
- This video discusses the effect of a price support. A price support consists of a price floor and a guarantee from the government to purchase any excess supply created by the price floor. A price support increases the producer surplus, but results in a net deadweight loss because the cost to the government in purchasing the excess supply outweighs the gain to producers. Thus, a price support reduces the social surplus.-
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What an explanation....superb !!!
wow!
just wow
Great explanation
How would u calculate the deadweight loss for this example ?
Henrik Vree thats 15 billion- 2.5125 billion
thank you!
Thankyou. 🖤
Thanks sir!
You're welcome. Best of luck in your studies!
Great explanation