Price Floor - Mastering Price Floors Empower Your Economic Insights
Fouad Sabry
Editorial: One Billion Knowledgeable
Sinopsis
What is Price Floor A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, good, commodity, or service. It is one type of price support; other types include supply regulation and guarantee government purchase price. A price floor must be higher than the equilibrium price in order to be effective. The equilibrium price, commonly called the "market price", is the price where economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change, often described as the point at which quantity demanded and quantity supplied are equal. Governments use price floors to keep certain prices from going too low. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Price floor Chapter 2: Microeconomics Chapter 3: Minimum wage Chapter 4: Supply and demand Chapter 5: Deadweight loss Chapter 6: Economic surplus Chapter 7: Industrial policy Chapter 8: Price discrimination Chapter 9: Elasticity (economics) Chapter 10: Pigouvian tax Chapter 11: Market clearing Chapter 12: Price controls Chapter 13: Price ceiling Chapter 14: Government failure Chapter 15: Price support Chapter 16: Tax incidence Chapter 17: Market distortion Chapter 18: Profit (economics) Chapter 19: Labour economics Chapter 20: Excess supply Chapter 21: Infrastructure-based development (II) Answering the public top questions about price floor. (III) Real world examples for the usage of price floor in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Price Floor.
