Price Ceilings and Floors- Micro Topic 2.8
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YouTubeJacob Clifford
Price Ceilings and Floors- Micro Topic 2.8
New video for this topic: https://youtu.be/eE_FYK2FlnQ In this video I explain what happens when the government controls market prices. Price ceilings are a legal maximum price and price floors are a minimum legal price. Make sure that you can draw each of them on a demand and supply graph and identify if there is a shortage or a surplus. Keep ...
1.5M viewsSep 27, 2014
Price Ceiling Examples
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Brittany Jade on TikTok
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Football fans have criticised the price of tickets for next year's World Cup, with one fan group calling on FIFA to stop the sale of tickets. According to Football Supporters Europe (FSE) — which represents fans across the continent — the tickets for the competition in the United States, Canada and Mexico, running between 11 June and 19 July, will cost almost five times more than the 2022 edition in Qatar.
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Football fans have criticised the price of tickets for next year's World Cup, with one fan group calling on FIFA to stop the sale of tickets. According to Football Supporters Europe (FSE) — which represents fans across the continent — the tickets for the competition in the United States, Canada and Mexico, running between 11 June and 19 July, will cost almost five times more than the 2022 edition in Qatar.
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