Doodle Animation [Copy]

Doodle Animation [Copy]

Published on 3 November 2022
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Transcript
00:04
IMPACT
00:09
- At first, the price is P0 and the quantity demanded is Q0. - The government sets the ceiling price P1. - This is creates shortage of a commodity since quantity demanded exceeds quantity supplied.
00:09
Impact of government setting ceiling price THE MARKET EQUILIBRIUM 
00:56
EFFECT
01:06
The Effect of Government Subsidies of Market Equilibrium
01:09
- Market equilibrium is at E0 - The original demand and supply at D0 and P0 - The original price is P0 and the original quantity is Q0 - When the government provides a supply-side subsidy to the farmers of a product, the supply curve shifts to the right from S0 to S1 - The new market equilibrium from E0 to E1
01:37
SUMMARY
01:37
CONCLUSION
01:37
AWARD
01:44
In conclusion,the ceiling price have a lot of shortage since quantity demand is greater than quantity supply The subsidies provided by the government and it will make the amount of supply increase It will help to keep the good prices at market
02:08
Thank You !!!