PROBLEM SCENARIO

PROBLEM SCENARIO

Published on 3 November 2022
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Transcript
00:00
DPB10013 MICROECONOMICS DIN1A : SESI 22/23
00:01
Problem Scenario
00:04
TEAM MEMBERS
00:06
NUR AISYATUL JANNAH BINTI        NUR SYAHIZZA AINA BINTI MOHD AZMI (08DIN22F1004)             ABDUL RAHMAN (08DIN22F1019)
00:27
NUR AIN SHAFIQA BINTI                    SRI VIDHYAA A/P MOHD KHADRI (08DIN22F1057 )            SUBRAMANIAM (08DIN22F1046)
00:46
SITUATION
00:50
The chicken ceiling price and approval to export chicken after the implementation of the RM4.90 per kg ceiling price The retail price of chicken at RM9.40 per kg from July 1 to Aug 31
01:06
Selling standard chicken lower than the set ceiling price The government compensates by giving subsidies to farmers of RM1 . 20 per kg
01:06
Grade A chicken eggs Grade B chicken eggs Grade C chicken eggs      45 cent each 43 cent each 41 cent each
01:26
DEFINITION OF CEILING PRICE
01:28
The maximum amount a producer can sell their good or service for. This is usually mandated by government in order to ensure consumers can afford the relevant goods and services. Examples includes, food, rent and energy products which may become                    unaffordable to consumers.