Tag Archives: price floor

[unable to retrieve full-text content]How Monopsonies Work, Now With More Numbers…: Apparently a graph is worth…*checks post stats* 1176 words, but I’m guessing this makes more sense to most normal people.

[unable to retrieve full-text content]How Monopsonies Work, Now With More Numbers…: Apparently a graph is worth…*checks post stats* 1176 words, but I’m guessing this makes more sense to most normal people.

It’s back to school time, so I’ve been pondering what might be helpful for students. In particular, I’ve becomine sort of obsessed withthe distinctions among “price floors,” “quantity ceilings,” and “price supports,” especially since we’ve seen a few (misguided?) examples of each as of late. So here is what you need to know about price supports in order to ponder their potential reasonableness.