Determining the Effects of Price Ceilings and Price Floors

This video lesson will explore two types of government intervention in the markets for particular goods and services: price ceilings and price floors. We will examine who, exactly these interventions are intended to help, and look at the net effect they will have on resource allocation and overall welfare in a particular market. We will examine the market for Butter in Europe and the market for Petrol in China.

[phuchang]

this video lecture is really useful. Hope more will be coming out !!

[iggstao]

Best policy leave the equilibrium alone

[mahdmalik]

the updated IB textbooks don't believe that the producers surplus for price floors are only limited to the Qd line for the price ceilings, it says that it should extend all the way. Great video though!

[yushingyan]

gd video and evident explanation on the effects, thanks:)

[ruiminglim]

what happens if there is a negative externality in production? how does consumer surplus and producer surplus changes with price floor/ceiling

[Luke-nhtu]

why doesn't government leave the eq. alone and then tax individuals for public services ( I guess they are too greedy and they wanna charge you everywhere you move)

[laja]

You talk a little bit too fast sometimes but this was very helpful. Thank you!

[baxterkakulas]

I think mr Parachody explained it better