Concept
Version 6
Created by Boundless
Price Supports
Consumer Surplus with Price Support
This graph is a complement to the first graph. It demonstrates the effect of implementing a price support on a basic supply and demand chart. The overall consumption will decrease as the government buys up consumer surplus. This demonstrates a price control on behalf of the government.
Source
Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources: