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Tag: price floor

11
Jun

Supply ,Demand & Government intervention – Assignment help !

# INTRODUCTION : We have already studied about supply and demand analysis and how the markets tend to move toward their equilibrium prices and quantities. Price of goods will automatically adjust themselves so that quantity demanded must be equal to supply of commodity. But sometimes, in case of certain commodities the govt intervenes and fixes some price limit against the equilibrium prices. Such interventions in commodity market focuses on the following two cases : Price Ceiling Price Floor A price ceiling is the legal maximum price for a good or service, while a price floor is the legal minimum price. Although…

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