Price floors and surplus

Description of how price floors operate in a competitive market and the effects on consumer surplus, producer surplus and social surplus using supply and demand diagrams.

[@Aman1238]

Thanks for explaining! I wasn't quite sure about this concept, but now I understand.

[@hellodoo]

Great video! Clear drawings and explanation!

[@pwader]

THank you soo much! I finally think I get it!

[@Omer_Baturay]

This helped so much! Thank you!

[@filmore123]

very helpful