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Home > Principles of Microeconomics (Video) > Price Ceilings: Misallocation of Resources
Podcast: Principles of Microeconomics (Video)
Episode:

Price Ceilings: Misallocation of Resources
Category: Education
Duration: 00:11:49
Publish Date: 0000-00-00 00:00:00
Description: Suppose there is a mild winter on the West Coast and a harsh winter on the East Coast. As a result of the weather, people on the East Coast will demand more home heating oil, bidding up the price. Under the price system, entrepreneurs will be...
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