Y1 34) Price Controls (Minimum/Maximum Prices) and Market Failure

Y1 34) Price Controls (Minimum/Maximum Prices) and Market Failure. Everything you need regarding the use of Price Controls (Minimum/Maximum Prices) and Market Failure

[kshah]

The only guy I would turn my adblock off for

[Ihelp]

Dal its time you hit us with the prediction videos, at this point you literally are my teacher!

[kspolosmith]

This gent is 'OUTSTANDING'. What a pleasure if you are directly taught by him.

[oneschannel]

Why would you need a teacher when you have EconplusDal👊

[sohamprasad]

Dal, there is an excess of demand on your videos, but a shortage of supply!! Please subsidise your knowledge

[fotimazuhra]

You dont understand how usefull your vids are thank you so much!

[alidan]

I love you EconDal so easy and understandable so I can write it in my own complex way :D

[EpikOreo]

Hey I was wondering if you could upload a video about the predictions for the Micro/Macro Papers for this year as you seemed to have predicted correctly last year. Thanks :)

[islamaaaa]

Thank you! Easily understood the topic👍

[Kickass]

Hey, was wondering whether you are going to post a predictions? like you did last year, great vids keep up the great work.

[Adam-dony]

What kind of question could we get relating to this? Fixing the market failure of Alcohol as a demerit good?

[bmxandscootmadd]

What would be a good evaluation for a maximum price?

[maggiej]

so the market price don't change following by the set up of minimum price?

[alirezazadeh]

6:09 doesn't make much sense can someone explain this to me? Producers (construction firms?) would not build high rise luxury flats if there is a max price?? D:

[siyasingh]

The reason I wanna get rich in life is to give back large sums of money to you. That's how GOATed you are man.

[MCW]

Unintended consequence of Max PTIXE FOR THE BLACKM MARKET is landlords acab air bmd the property. Therefore no difference there they’ll make more money ?

[missimportant]

What happens if the price floor is set below the equilibrium

[herb]

pls could someone explain why excess supply is not an issue for minimum pricing?

[jazza]

can you explain your point at 6:08 as to why a contraction in supply causes producers to build luxury commodities instead of cheaper commodities knowing that the price is too low?

[ramanujanvenkatraman]

I have a question regarding the fact that black markets will be created when there is a price floor (minimum price): Will private individuals be motivated to buy a good at a higher price (in this case, alcohol) and sell it at a lower price? Whats their incentive? If they are acting on their own self interest, this is highly unlikely correct? And even if there were subsititues/alternatives, won't the government already impose a tax or a minimum price on them before-hand? Would appreciate any clarification. Thanks