price floor,factors of production

binding(有效的)price floor:定的价格下限高于市场价,造成供给

file:price floor eqm.png

price floor

price floor

does a binding or not binding price floor create
- factors of production
- risk averse
- economic surplus
- national debt
- social insurance
- limited liability
- economic rent
- game theory
- deadweight loss
- money supply
- money market
- gold standard
- economic growth
- total utility
- market failure
- lorenz curve
- monetary base
- budget constraint
- renewable resources
- labor productivity
- monetary policy
- aggregate demand
- supply curve
- legal tender
- employed
- fiscal policy
- free trade
- market equilibrium
- total revenue
- labor force