Price Ceiling and Price Floor | Think Econ

In this video we explain price ceilings and price floors. We go over what they look like on a graph, as well as an example of each!

#priceceiling #pricefloor #economics

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[ThinkEcon]

Let us know if you found this video helpful! There's plenty more videos like this on the channel, so check them out! :)

[edwardjohnson]

Yes we need a detailed video outlining deadweight loss

[franb]

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!

[Kat_Tube]

very helpful for my econ test tomorrow :)

[DGraham-iy]

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

[vishwarana]

please post video on quotas, tax and subsidies calculation

[marchelinogeorge]

How do you create these graphs and put the markings?

[ericaankude]

Please upload a video about dead weight loss

[BioDeus]

What do you suggest when corporations are creating a price floor in the interest of Corp profits. Aka: greedflation?

[nitindasari]

Can you do a video on Deadweight loss !!

[fengding]

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

[purplezinnia]

Please post a video on deadweight. Thanks!

[عشوائياتكرةالقدم-فن]

please post video about Tax and subsidies and how to calculate