File:European Wheat Prices - A Price Floor Example.jpg
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European_Wheat_Prices_-_A_Price_Floor_Example.jpg (390 × 347 pixels, file size: 607 KB, MIME type: image/jpeg)
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DescriptionEuropean Wheat Prices - A Price Floor Example.jpg |
English: The intersection of demand (D) and supply (S) would be at the equilibrium point E0. However, a price floor set at Pf holds the price above E0 and prevents it from falling. The result of the price floor is that the quantity supplied Qs exceeds the quantity demanded Qd. There is excess supply, also called a surplus. |
Date | |
Source | https://openstax.org/details/books/principles-microeconomics (CNX_Econ_C03_013.jpg) |
Author | OpenStax College |
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current | 02:44, 20 September 2017 | 390 × 347 (607 KB) | Dave Braunschweig (talk | contribs) | User created page with UploadWizard |
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Date metadata was last modified | 21:42, 2 May 2014 |
File change date and time | 10:43, 2 May 2014 |
Date and time of digitizing | 21:42, 2 May 2014 |
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Unique ID of original document | uuid:ECBEC2CD197D11DCA124BC5C4753ECB4 |
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