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.
Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! econclassroom.c...

[@mahdmalik1517]

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!

[@SethlynFrank-vc7eo]

Thank you very much for your help 🙏❤️

[@phu0ch0ang]

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

[@iggsta3o5]

Best policy leave the equilibrium alone

[@ruiminglim6515]

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

[@helas33]

Great stuff

[@yushingyan]

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

[@caseyboyan6875]

Great video thanks

[@Luke-nh5tu]

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)

[@laja82]

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

[@faysalsajid]

nice

[@baxterkakulas3743]

I think mr Parachody explained it better

[@khalif1991]

Quota.

[@WaterPython]

poggers

[@phu0ch0ang]

Microsoft Onenote

[@SethlynFrank-vc7eo]

Thank you very much for your help🙏❤️