Y1 19) Minimum Price (Price Floor) - Full Market Impact

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  • Опубликовано: 29 ноя 2024

Комментарии • 44

  • @vimbanashenzuma3306
    @vimbanashenzuma3306 Год назад +16

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      @jason_x.0474 Год назад

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    @Mantequilla2113 Год назад +6

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    @selinasaidumarova06 6 месяцев назад +2

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    @master4755 Год назад +13

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  • @FakenameStevens
    @FakenameStevens 10 месяцев назад

    Good video! You could use price elasticities to evaluate against price floors. If there's a necessity that gets a raised price, quality of life in the country will decrease as fewer people will be able to afford the necessity.

  • @emvn4429
    @emvn4429 Год назад +3

    Hi, can you go over a walkthrough on model answers for exam questions on bigger mark questions please?

  • @momin3076
    @momin3076 10 месяцев назад +1

    very good video keep it up hey seh

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    @khalidkhan4367 Год назад +1

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  • @Krishna_CBFN
    @Krishna_CBFN 3 месяца назад

    Silent answer is best

  • @insignificant_10
    @insignificant_10 Год назад +3

    Hi, what tips will you give for people who are giving march 2023 econ paper?

  • @ronanquinn940
    @ronanquinn940 Год назад

    Looking good as always king Dal 👑

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    @tala_khodre Год назад

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    @thedogsaidmiaw_123 Год назад +2

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  • @hamza-p4c
    @hamza-p4c Год назад

    Its essentially Minimum Support Price.

  • @gutzz1519
    @gutzz1519 Год назад

    Hi sir I just wanted to ask if you have any videos on business growth? Thank you

  • @gamingcloud3302
    @gamingcloud3302 7 месяцев назад

    can these be used in the context of monopsonys? The govt may set a minimum price to prevent suppliers being paid a low price for their goods?

  • @charlielewis5799
    @charlielewis5799 Год назад

    🐐

  • @aleveleconomist
    @aleveleconomist Год назад

    Amazing :)

  • @Andrei8pa3
    @Andrei8pa3 Год назад

    Is this for aqa?

  • @daniellangner5941
    @daniellangner5941 Год назад

    One question - Are these minimum prices set for individual products? For instance there is a price floor for milk and eggs, but no price floor for meat?

    • @eminsoyler1905
      @eminsoyler1905 Год назад +1

      Yes exactly, there is a minimum price on Alcohol in scotland you could use that as an example, do further research.

  • @adem1000
    @adem1000 Год назад +3

    Thanks for the A* Dal

  • @embrey7021
    @embrey7021 Год назад

    Why wouldn't demand just shift to the right creating a new equilibrium which solves the market failure

    • @maday9425
      @maday9425 Год назад +1

      the government may use a max price for de merit goods like cigarettes and alcohol. so it makes them more expensive to buy. so the QD will be less. reducing the overconsumption of the good. But for merit goods like fruit and veg, the equilibrium price can be unfair to producers so the government might want the help and protect them. forcing us to pay a higher price. but that QD will fall. so the government will buy this excess supply. so producers still earn vast amounts of revenue.

    • @sushruthravishankar6027
      @sushruthravishankar6027 Год назад +5

      @@maday9425 You mean min price for demerit goods. And a max price for merit goods

  • @chirayudesai7459
    @chirayudesai7459 10 месяцев назад

    I love you bro

  • @DumbWatermeloon
    @DumbWatermeloon 7 месяцев назад

    Dis video greater than my sheep

  • @tiraminess
    @tiraminess Год назад +1

    econplusdal legend