Search results
Results from the WOW.Com Content Network
A price ceiling is a government- or group-imposed price control, or limit, on how high a price is charged for a product, commodity, or service.Governments use price ceilings to protect consumers from conditions that could make commodities prohibitively expensive.
The 220 recommendations included a floor price for all alcohol products at A$1.50 per standard drink. [11] In the 10 months between 1 October 2018, the date that the floor price and other measures were imposed by the NT government, and 31 July 2019, there was a 26% decrease in alcohol-related assaults in the Territory. [12]
A government-set minimum wage is a price floor on the price of labour. A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, [21] good, commodity, or service. A price floor must be higher than the equilibrium price in order to be effective. The equilibrium price, commonly called ...
Resale price maintenance (RPM) or, occasionally, retail price maintenance is the practice whereby a manufacturer and its distributors agree that the distributors will sell the manufacturer's product at certain prices (resale price maintenance), at or above a price floor (minimum resale price maintenance) or at or below a price ceiling (maximum resale price maintenance).
Deadweight loss can be caused by monopoly pricing in the case of artificial scarcity, an externality, a tax or subsidy, or a compulsory price ceiling or price floor such as a minimum wage. Debreu's representation theorems A set of preference representation theorems proved by Gerard Debreu. They specify some conditions on the preference relation ...
In economics, a price support may be either a subsidy, a production quota, or a price floor, each with the intended effect of keeping the market price of a good higher than the competitive equilibrium level. In the case of a price control, a price support is the minimum legal price a seller may charge, typically placed above equilibrium.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
This is an accepted version of this page This is the latest accepted revision, reviewed on 14 January 2025. Economic policy relating to housing markets Part of a series on Living spaces Main House: detached semi-detached terraced Apartment Bungalow Cottage Ecohouse Green home Housing project Human outpost I-house Ranch Tenement Condominium Mixed-use development Hotel Hostel Castle Public ...