Price ceilings/Price Floors Both prevent equilibrium!! Price ceiling is when restriction won't let the price rise to equilibrium (price is kept artificially low). <Is price above or below equilibrium? <Do we have a shortage or a surplus? Price floor is when restriction won't let the price...
Price Controls Price controlsare usually justified as a way to help consumers, but those who advocate them often ignore their incentive effects. Consider, for example,rent controls, a popular form of a price ceiling. If the demand curve and the short-run supply curves areinelastic, then a ...
Of the 54 upward moves, 18 proceeded to hit the ceiling Study design The question of propensity to hit the limit arises only after a substantial price move toward limit. We operationalize this threshold at ±25% in this paper. Financial market literature characterizes the primary stimulus behind...
The graph is pretty clear – there is nothing unusual about the development in the Loonie. Yes, the Loonie has weakened significantly, but this can fully be explained by the drop in oil prices and by the weakening of the Asian currencies (in the basket primarily the drop in the won) and...
Econ. 2021, 1–24. [Google Scholar] [CrossRef] Glendinning, P. Stability, Instability and Chaos: An Introduction to the Theory of Nonlinear Differential Equations; Cambridge University Press: Cambridge, UK, 1994. [Google Scholar] Chavas, J.; Holt, M. On nonlinear dynamics: The case of the...
Significant price spikes occurred as early as 2021, initially driven by low gas storage levels, a post-pandemic economic rebound and then exacerbated by the Russian invasion of Ukraine. The situation had a range of wide-ranging consequences, from rising