The government intervenes in the market by trying to help the consumers or the producers, however there are several consequences to those price settings. In this exchange/discussion , you will:
a- pick one of the subtopics listed below, expand on it and give a hyperlink to articles that support your position. Please include information presented in the article and give your own view/opinion.
Your post should not exceed 250 words.
– Give an example of government setting a price floor to help the producers. Will that price be above or below the original equilibrium? Will this result in a shortage or surplus of the product? How will the government manage the situation? What will be the ultimate costs and benefits to individual producers and society in general.
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