El escenario
Governments impose price floors to prevent prices from falling below a certain level, causing excess supply and market imbalance.
Qué hay en este dibujo
Lee las decisiones que hay detrás.
01
Model the market as a feedback loop with price adjustment.
02
Include a price floor block that limits price from below.
03
Output excess demand to show market imbalance.
Use when illustrating dynamic effects of price controls in economics.