A Price Floor That Is Not Binding Price of Ice-Cream Cone Supply Equilibrium price 3 Price floor Demand 100 uantity of Equilibrium Ice- Cream Cones Harcourt, Inc. items and derived items copyright o 200l by harcourt, Inc quantit
Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. A Price Floor That Is Not Binding... $3 Quantity of Ice-Cream Cones 0 Price of Ice-Cream Cone 100 Equilibrium quantity Equilibrium price Demand Supply Price floor 2
Harcourt, Inc. items and derived items copyright C 2001 by Harcourt, Inc A Price Floor That Is Binding Price of Ice-Cream Cone Supply Surplus $4 Price floor $3|… Equilibrium pl ice Demand Qua 8n 120 Quantity of Quantit Ice-Cream demanded supplied Cones
A Price Floor That Is Binding... $3 Quantity of Ice-Cream Cones 0 Price of Ice-Cream Cone Equilibrium price Demand Supply $4 Price floor 120 Quantity supplied 80 Quantity demanded Surplus Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc
Effects of a price floor A price floor prevents supply and demand from moving toward the equilibrium price and quantity. When the market price hits the floor. it can fall no further and the market price equals the floor price. Harcourt, Inc. items and derived items copyright o 200l by harcourt, Inc
Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. Effects of a Price Floor A price floor prevents supply and demand from moving toward the equilibrium price and quantity. When the market price hits the floor, it can fall no further, and the market price equals the floor price