Microeconomics · 免费预览

最低限价

具有约束力的最低限价将法定价格维持在均衡价格之上,从而造成过剩;卖方为摆脱过剩而相互竞争,付出的代价是徒劳的努力和无谓损失。

1. The law of the floor

The law of the floor

2. Who holds the surplus

Who holds the surplus

3. The minimum wage debate

The minimum wage debate

4. Floors that quietly work

Floors that quietly work

5. The surplus from a floor

Honey demand is Qd = 120 - 2P, supply Qs = 3P, equilibrium 24 and 72. A binding price floor at 30 dollars is imposed. What happens?

6. Competition among sellers

A binding floor prevents sellers from cutting price. What margins does their competition move to instead?

7. The excess supply

Under a price floor of 30 dollars, quantity supplied is 90 jars and the demand curve is Qd = 120 - 2P. Compute the unsold surplus in jars and write the number.

8. The floor that does nothing

The same honey market clears at 24 dollars. Parliament sets a minimum legal price of 20 dollars. What happens?

9. Competing on every margin but price

A binding floor prevents sellers from cutting price. Where does their competition go instead?

10. Surplus at 27

Honey demand is Qd = 120 - 2P and supply Qs = 3P, and a binding floor sets the price at 27 dollars. Compute the excess supply in jars, and write the number.

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