侯依婷 孔琪Chapter 6 Government Actions in Markets

这是一篇关于微观经济学的思维导图，主要内容有Price ceilings、Price floors、Production quotas等。

Chapter 6 Government Actions in Markets

• Price ceilings
  • Definition
    • An upper limit on the price
  • A rent ceiling
    • Inefficient
      • MB＞MC
      • Surplus ↓
        • Producer
        • Consumer
    • Unfair
      • Rules
        • Block voluntary exchange
      • Result
        • Against young newcomers
        • In favor of old established
  • Effect
    • A black market
      • Deadweight loss
    • Increase search activity
• Price floors
  • Definition
    • A lower limit on the price
  • 
  • Minimum wage law
    • Inefficient
      • MB＞MC
      • Surplus ↓
        • Firms
        • Workers
    • Unfair
      • Rules
        • Block voluntary exchange
      • Result
        • Only benefit find jobs people
  • Effect
    • Lillegal hiring
      • Deadweight loss
    • Increase Job-Search activity
• Production quotas
  • Definition
    • An upper limit on the supply quantity
  • Dairy products
    • Inefficient
      • MB＞MC
        • Consumers loss＞Farmers's gain
      • Deadweight loss↑
    • Unfair
      • Rules
        • Block voluntary exchange
      • Result
        • Well off farmers benefit
        • Consumer lose
  • Effect
    • The market with an effective production quota
    • Consumers lose but dairy famers gain
• Example of production quota
  • Set production quota
    • Quantity produced
    • Quantity demanded
    • Price
    • Deadweight loss
    • Inefficient
    • Unfair
• Example of price floor
  • Below the equilibrium
    • No effect
  • Above the equilibrium
    • A black market
    • Inefficient
    • Unfair