Effect Of Price Ceiling Gallery #1 How To Calculate Changes In Consumer And Producer Surplus With Price And Floor Ceilings. - YouTube

Photo 1 of 11Effect Of Price Ceiling Gallery #1 How To Calculate Changes In Consumer And Producer Surplus With Price And  Floor Ceilings. - YouTube

Effect Of Price Ceiling Gallery #1 How To Calculate Changes In Consumer And Producer Surplus With Price And Floor Ceilings. - YouTube

11 photos of Effect Of Price Ceiling Gallery #1 How To Calculate Changes In Consumer And Producer Surplus With Price And Floor Ceilings. - YouTube

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Effect

ef•fect (i fekt),USA pronunciation n. 
  1. something that is produced by an agency or cause;
    result;
    consequence: Exposure to the sun had the effect of toughening his skin.
  2. power to produce results;
    efficacy;
    force;
    validity;
    influence: His protest had no effect.
  3. the state of being effective or operative;
    operation or execution;
    accomplishment or fulfillment: to bring a plan into effect.
  4. a mental or emotional impression produced, as by a painting or a speech.
  5. meaning or sense;
    purpose or intention: She disapproved of the proposal and wrote to that effect.
  6. the making of a desired impression: We had the feeling that the big, expensive car was only for effect.
  7. an illusory phenomenon: a three-dimensional effect.
  8. a real phenomenon (usually named for its discoverer): the Doppler effect.
  9. See  special effects. 
  10. in effect: 
    • for practical purposes;
      virtually: His silence was in effect a confirmation of the rumor.
    • essentially;
      basically.
    • operating or functioning;
      in force: The plan is now in effect.
  11. take effect: 
    • to go into operation;
      begin to function.
    • to produce a result: The prescribed medicine failed to take effect.

v.t. 
  1. to produce as an effect;
    bring about;
    accomplish;
    make happen: The new machines finally effected the transition to computerized accounting last spring.
ef•fecti•ble, adj. 

Of

of1  (uv, ov; unstressed əv or, esp. before consonants, ə),USA pronunciation prep. 
  1. (used to indicate distance or direction from, separation, deprivation, etc.): within a mile of the church; south of Omaha; to be robbed of one's money.
  2. (used to indicate derivation, origin, or source): a man of good family; the plays of Shakespeare; a piece of cake.
  3. (used to indicate cause, motive, occasion, or reason): to die of hunger.
  4. (used to indicate material, component parts, substance, or contents): a dress of silk; a book of poems; a package of cheese.
  5. (used to indicate apposition or identity): Is that idiot of a salesman calling again?
  6. (used to indicate specific identity or a particular item within a category): the city of Chicago; thoughts of love.
  7. (used to indicate possession, connection, or association): the king of France; the property of the church.
  8. (used to indicate inclusion in a number, class, or whole): one of us.
  9. (used to indicate the objective relation, the object of the action noted by the preceding noun or the application of a verb or adjective): the ringing of bells; He writes her of home; I'm tired of working.
  10. (used to indicate reference or respect): There is talk of peace.
  11. (used to indicate qualities or attributes): an ambassador of remarkable tact.
  12. (used to indicate a specified time): They arrived of an evening.
  13. [Chiefly Northern U.S.]before the hour of;
    until: twenty minutes of five.
  14. on the part of: It was very mean of you to laugh at me.
  15. in respect to: fleet of foot.
  16. set aside for or devoted to: a minute of prayer.
  17. [Archaic.]by: consumed of worms.

Price

price (prīs),USA pronunciation n., v.,  priced, pric•ing. 
n. 
  1. the sum or amount of money or its equivalent for which anything is bought, sold, or offered for sale.
  2. a sum offered for the capture of a person alive or dead: The authorities put a price on his head.
  3. the sum of money, or other consideration, for which a person's support, consent, etc., may be obtained, esp. in cases involving sacrifice of integrity: They claimed that every politician has a price.
  4. that which must be given, done, or undergone in order to obtain a thing: He gained the victory, but at a heavy price.
  5. odds (def. 2).
  6. [Archaic.]value or worth.
  7. [Archaic.]great value or worth (usually prec. by of ).
  8. at any price, at any cost, no matter how great: Their orders were to capture the town at any price.
  9. beyond or  without price, of incalculable value;
    priceless: The crown jewels are beyond price.

v.t. 
  1. to fix the price of.
  2. to ask or determine the price of: We spent the day pricing furniture at various stores.
pricea•ble, adj. 

Ceiling

ceil•ing (sēling),USA pronunciation n. 
  1. the overhead interior surface of a room.
  2. the top limit imposed by law on the amount of money that can be charged or spent or the quantity of goods that can be produced or sold.
    • the maximum altitude from which the earth can be seen on a particular day, usually equal to the distance between the earth and the base of the lowest cloud bank.
    • Also called  absolute ceiling. the maximum altitude at which a particular aircraft can operate under specified conditions.
  3. the height above ground level of the lowest layer of clouds that cover more than half of the sky.
  4. a lining applied for structural reasons to a framework, esp. in the interior surfaces of a ship or boat.
  5. Also called  ceiling piece′. [Theat.]the ceiling or top of an interior set, made of cloth, a flat, or two or more flats hinged together.
  6. the act or work of a person who makes or finishes a ceiling.
  7. vaulting, as in a medieval church.
  8. hit the ceiling, [Informal.]to become enraged: When he saw the amount of the bill, he hit the ceiling.
ceilinged, adj. 

Gallery

gal•ler•y (galə rē, galrē),USA pronunciation n., pl.  -ler•ies. 
  1. a raised area, often having a stepped or sloping floor, in a theater, church, or other public building to accommodate spectators, exhibits, etc.
  2. the uppermost of such areas in a theater, usually containing the cheapest seats.
  3. the occupants of such an area in a theater.
  4. the general public, esp. when regarded as having popular or uncultivated tastes.
  5. any group of spectators or observers, as at a golf match, a Congressional session, etc.
  6. a room, series of rooms, or building devoted to the exhibition and often the sale of works of art.
  7. a long covered area, narrow and open at one or both sides, used esp. as a walk or corridor.
  8. [Chiefly South Atlantic States.]a long porch or portico;
    veranda.
  9. a long, relatively narrow room, esp. one for public use.
  10. a corridor, esp. one having architectural importance through its scale or decorative treatment.
  11. a raised, balconylike platform or passageway running along the exterior wall of a building inside or outside.
  12. a large room or building used for photography, target practice, or other special purposes: a shooting gallery.
  13. a collection of art for exhibition.
  14. [Theat.]a narrow, raised platform located beyond the acting area, used by stagehands or technicians to stand on when working.
  15. a projecting balcony or structure on the quarter or stern of a vessel.
  16. an ornamental railing or cresting surrounding the top of a table, stand, desk, etc.
  17. a level or drift.
  18. a small tunnel in a dam, mine, or rock, for various purposes, as inspection or drainage.
  19. a passageway made by an animal.
  20. [Fort. Obs.]an underground or covered passage to another part of a fortified position.
  21. play to the gallery, to attempt to appeal to the popular taste, as opposed to a more refined or esoteric taste: Movies, though still playing mainly to the gallery, have taken their place as a significant art form.
galler•ied, adj. 
galler•y•like′, adj. 

How

how1  (hou),USA pronunciation adv. 
  1. in what way or manner;
    by what means?: How did the accident happen?
  2. to what extent, degree, etc.?: How damaged is the car?
  3. in what state or condition?: How are you?
  4. for what reason;
    why?: How can you talk such nonsense?
  5. to what effect;
    with what meaning?: How is one to interpret his action?
  6. what?: How do you mean? If they don't have vanilla, how about chocolate?
  7. (used as an intensifier): How seldom I go there!
  8. by what title or name?: How does one address the president?
  9. at what price: How are the new cars going, cheaper than last year's models?
  10. by what amount or in what measure or quantity?: How do you sell these tomatoes?
  11. in what form or shape?: How does the demon appear in the first act of the opera? How does the medication come?
  12. and how! [Informal.]certainly! you bet!: Am I happy? And how!
  13. Here's how, [Informal.](used as a toast).
  14. how come? [Informal.]how is it that? why?: How come you never visit us anymore?
  15. how so? how does it happen to be so? why?: You haven't any desire to go? How so?

conj. 
  1. the manner or way in which: He couldn't figure out how to solve the problem.
  2. about the manner, condition, or way in which: I don't care how you leave your desk when you go. Be careful how you act.
  3. in whatever manner or way;
    however: You can travel how you please.
  4. that: He told us how he was honest and could be trusted.

n. 
  1. a question concerning the way or manner in which something is done, achieved, etc.: a child's unending whys and hows.
  2. a way or manner of doing something: to consider all the hows and wherefores.
  3. a word formerly used in communications to represent the letter H.

To

to (to̅o̅; unstressed tŏŏ, tə),USA pronunciation prep. 
  1. (used for expressing motion or direction toward a point, person, place, or thing approached and reached, as opposed to from): They came to the house.
  2. (used for expressing direction or motion or direction toward something) in the direction of;
    toward: from north to south.
  3. (used for expressing limit of movement or extension): He grew to six feet.
  4. (used for expressing contact or contiguity) on;
    against;
    beside;
    upon: a right uppercut to the jaw; Apply varnish to the surface.
  5. (used for expressing a point of limit in time) before;
    until: to this day; It is ten minutes to six. We work from nine to five.
  6. (used for expressing aim, purpose, or intention): going to the rescue.
  7. (used for expressing destination or appointed end): sentenced to jail.
  8. (used for expressing agency, result, or consequence): to my dismay; The flowers opened to the sun.
  9. (used for expressing a resulting state or condition): He tore it to pieces.
  10. (used for expressing the object of inclination or desire): They drank to her health.
  11. (used for expressing the object of a right or claim): claimants to an estate.
  12. (used for expressing limit in degree, condition, or amount): wet to the skin; goods amounting to $1000; Tomorrow's high will be 75 to 80°.
  13. (used for expressing addition or accompaniment) with: He added insult to injury. They danced to the music. Where is the top to this box?
  14. (used for expressing attachment or adherence): She held to her opinion.
  15. (used for expressing comparison or opposition): inferior to last year's crop; The score is eight to seven.
  16. (used for expressing agreement or accordance) according to;
    by: a position to one's liking; to the best of my knowledge.
  17. (used for expressing reference, reaction, or relation): What will he say to this?
  18. (used for expressing a relative position): parallel to the roof.
  19. (used for expressing a proportion of number or quantity) in;
    making up: 12 to the dozen; 20 miles to the gallon.
  20. (used for indicating the indirect object of a verb, for connecting a verb with its complement, or for indicating or limiting the application of an adjective, noun, or pronoun): Give it to me. I refer to your work.
  21. (used as the ordinary sign or accompaniment of the infinitive, as in expressing motion, direction, or purpose, in ordinary uses with a substantive object.)
  22. raised to the power indicated: Three to the fourth is 81( 34 = 81).

adv. 
  1. toward a point, person, place, or thing, implied or understood.
  2. toward a contact point or closed position: Pull the door to.
  3. toward a matter, action, or work: We turned to with a will.
  4. into a state of consciousness;
    out of unconsciousness: after he came to.
  5. to and fro. See  fro (def. 2).

Changes

change (chānj),USA pronunciation v.,  changed, chang•ing, n. 
v.t. 
  1. to make the form, nature, content, future course, etc., of (something) different from what it is or from what it would be if left alone: to change one's name; to change one's opinion; to change the course of history.
  2. to transform or convert (usually fol. by into): The witch changed the prince into a toad.
  3. to substitute another or others for;
    exchange for something else, usually of the same kind: She changed her shoes when she got home from the office.
  4. to give and take reciprocally;
    interchange: to change places with someone.
  5. to transfer from one (conveyance) to another: You'll have to change planes in Chicago.
  6. to give or get smaller money in exchange for: to change a five-dollar bill.
  7. to give or get foreign money in exchange for: to change dollars into francs.
  8. to remove and replace the covering or coverings of: to change a bed; to change a baby.

v.i. 
  1. to become different: Overnight the nation's mood changed.
  2. to become altered or modified: Colors change if they are exposed to the sun.
  3. to become transformed or converted (usually fol. by into): The toad changed into a prince again.
  4. to pass gradually into (usually fol. by to or into): Summer changed to autumn.
  5. to make a change or an exchange: If you want to sit next to the window, I'll change with you.
  6. to transfer between trains or other conveyances: We can take the local and change to an express at the next stop.
  7. to change one's clothes: She changed into jeans.
  8. (of the moon) to pass from one phase to another.
  9. (of the voice) to become deeper in tone;
    come to have a lower register: The boy's voice began to change when he was thirteen.
  10. change front, [Mil.]to shift a military force in another direction.
  11. change hands. See  hand (def. 34).
  12. change off: 
    • to take turns with another, as at doing a task.
    • to alternate between two tasks or between a task and a rest break.
  13. change one's mind, to change one's opinions or intentions.

n. 
  1. the act or fact of changing;
    fact of being changed.
  2. a transformation or modification;
    alteration: They noticed the change in his facial expression.
  3. a variation or deviation: a change in the daily routine.
  4. the substitution of one thing for another: We finally made the change to an oil-burning furnace.
  5. variety or novelty: Let's try a new restaurant for a change.
  6. the passing from one place, state, form, or phase to another: a change of seasons; social change.
  7. [Jazz.]harmonic progression from one tonality to another;
    modulation.
  8. the supplanting of one thing by another.
  9. anything that is or may be substituted for another.
  10. a fresh set of clothing.
  11. money given in exchange for an equivalent of higher denomination.
  12. a balance of money that is returned when the sum tendered in payment is larger than the sum due.
  13. coins of low denomination.
  14. any of the various sequences in which a peal of bells may be rung.
  15. Also, 'change. exchange (def. 10).
  16. [Obs.]changefulness;
    caprice.
  17. ring the changes: 
    • to perform all permutations possible in ringing a set of tuned bells, as in a bell tower of a church.
    • to vary the manner of performing an action or of discussing a subject;
      repeat with variations.

In

in (in),USA pronunciation prep., adv., adj., n., v.,  inned, in•ning. 
prep. 
  1. (used to indicate inclusion within space, a place, or limits): walking in the park.
  2. (used to indicate inclusion within something abstract or immaterial): in politics; in the autumn.
  3. (used to indicate inclusion within or occurrence during a period or limit of time): in ancient times; a task done in ten minutes.
  4. (used to indicate limitation or qualification, as of situation, condition, relation, manner, action, etc.): to speak in a whisper; to be similar in appearance.
  5. (used to indicate means): sketched in ink; spoken in French.
  6. (used to indicate motion or direction from outside to a point within) into: Let's go in the house.
  7. (used to indicate transition from one state to another): to break in half.
  8. (used to indicate object or purpose): speaking in honor of the event.
  9. in that, because;
    inasmuch as: In that you won't have time for supper, let me give you something now.

adv. 
  1. in or into some place, position, state, relation, etc.: Please come in.
  2. on the inside;
    within.
  3. in one's house or office.
  4. in office or power.
  5. in possession or occupancy.
  6. having the turn to play, as in a game.
  7. [Baseball.](of an infielder or outfielder) in a position closer to home plate than usual;
    short: The third baseman played in, expecting a bunt.
  8. on good terms;
    in favor: He's in with his boss, but he doubts it will last.
  9. in vogue;
    in style: He says straw hats will be in this year.
  10. in season: Watermelons will soon be in.
  11. be in for, to be bound to undergo something, esp. a disagreeable experience: We are in for a long speech.
  12. in for it, [Slang.]about to suffer chastisement or unpleasant consequences, esp. of one's own actions or omissions: I forgot our anniversary again, and I'll be in for it now.Also,[Brit.,] for it. 
  13. in with, on friendly terms with;
    familiar or associating with: They are in with all the important people.

adj. 
  1. located or situated within;
    inner;
    internal: the in part of a mechanism.
  2. [Informal.]
    • in favor with advanced or sophisticated people;
      fashionable;
      stylish: the in place to dine; Her new novel is the in book to read this summer.
    • comprehensible only to a special or ultrasophisticated group: an in joke.
  3. well-liked;
    included in a favored group.
  4. inward;
    incoming;
    inbound: an in train.
  5. plentiful;
    available.
  6. being in power, authority, control, etc.: a member of the in party.
  7. playing the last nine holes of an eighteen-hole golf course (opposed to out): His in score on the second round was 34.

n. 
  1. Usually,  ins. persons in office or political power (distinguished from outs).
  2. a member of the political party in power: The election made him an in.
  3. pull or influence;
    a social advantage or connection: He's got an in with the senator.
  4. (in tennis, squash, handball, etc.) a return or service that lands within the in-bounds limits of a court or section of a court (opposed to out).

v.t. Brit. [Dial.]
  1. to enclose.

Consumer

con•sum•er (kən so̅o̅mər),USA pronunciation n. 
  1. a person or thing that consumes.
  2. [Econ.]a person or organization that uses a commodity or service.
  3. an organism, usually an animal, that feeds on plants or other animals.
con•sumer•ship′, n. 

And

and (and; unstressed ənd, ən, or, esp. after a homorganic consonant, n),USA pronunciation  conj. 
  1. (used to connect grammatically coordinate words, phrases, or clauses) along or together with;
    as well as;
    in addition to;
    besides;
    also;
    moreover: pens and pencils.
  2. added to;
    plus: 2 and 2 are 4.
  3. then: He read for an hour and went to bed.
  4. also, at the same time: to sleep and dream.
  5. then again;
    repeatedly: He coughed and coughed.
  6. (used to imply different qualities in things having the same name): There are bargains and bargains, so watch out.
  7. (used to introduce a sentence, implying continuation) also;
    then: And then it happened.
  8. [Informal.]to (used between two finite verbs): Try and do it. Call and see if she's home yet.
  9. (used to introduce a consequence or conditional result): He felt sick and decided to lie down for a while. Say one more word about it and I'll scream.
  10. but;
    on the contrary: He tried to run five miles and couldn't. They said they were about to leave and then stayed for two more hours.
  11. (used to connect alternatives): He felt that he was being forced to choose between his career and his family.
  12. (used to introduce a comment on the preceding clause): They don't like each other--and with good reason.
  13. [Archaic.]if: and you please.Cf. an2.
  14. and so forth, and the like;
    and others;
    et cetera: We discussed traveling, sightseeing, and so forth.
  15. and so on, and more things or others of a similar kind;
    and the like: It was a summer filled with parties, picnics, and so on.

n. 
  1. an added condition, stipulation, detail, or particular: He accepted the job, no ands or buts about it.
  2. conjunction (def. 5b).

With

with (with, wiᵺ),USA pronunciation prep. 
  1. accompanied by;
    accompanying: I will go with you. He fought with his brother against the enemy.
  2. in some particular relation to (esp. implying interaction, company, association, conjunction, or connection): I dealt with the problem. She agreed with me.
  3. characterized by or having: a person with initiative.
  4. (of means or instrument) by the use of;
    using: to line a coat with silk; to cut with a knife.
  5. (of manner) using or showing: to work with diligence.
  6. in correspondence, comparison, or proportion to: Their power increased with their number. How does their plan compare with ours?
  7. in regard to: to be pleased with a gift.
  8. (of cause) owing to: to die with pneumonia; to pale with fear.
  9. in the region, sphere, or view of: It is day with us while it is night with the Chinese.
  10. (of separation) from: to part with a thing.
  11. against, as in opposition or competition: He fought with his brother over the inheritance.
  12. in the keeping or service of: to leave something with a friend.
  13. in affecting the judgment, estimation, or consideration of: Her argument carried a lot of weight with the trustees.
  14. at the same time as or immediately after;
    upon: And with that last remark, she turned and left.
  15. of the same opinion or conviction as: Are you with me or against me?
  16. in proximity to or in the same household as: He lives with his parents.
  17. (used as a function word to specify an additional circumstance or condition): We climbed the hill, with Jeff following behind.
  18. in with. See  in (def. 22).
  19. with child, pregnant.
  20. with it: 
    • knowledgeable about, sympathetic to, or partaking of the most up-to-date trends, fashions, art, etc.
    • representing or characterized by the most up-to-date trends, fashions, art, etc.
  21. with that. See  that (def. 10).

Price

price (prīs),USA pronunciation n., v.,  priced, pric•ing. 
n. 
  1. the sum or amount of money or its equivalent for which anything is bought, sold, or offered for sale.
  2. a sum offered for the capture of a person alive or dead: The authorities put a price on his head.
  3. the sum of money, or other consideration, for which a person's support, consent, etc., may be obtained, esp. in cases involving sacrifice of integrity: They claimed that every politician has a price.
  4. that which must be given, done, or undergone in order to obtain a thing: He gained the victory, but at a heavy price.
  5. odds (def. 2).
  6. [Archaic.]value or worth.
  7. [Archaic.]great value or worth (usually prec. by of ).
  8. at any price, at any cost, no matter how great: Their orders were to capture the town at any price.
  9. beyond or  without price, of incalculable value;
    priceless: The crown jewels are beyond price.

v.t. 
  1. to fix the price of.
  2. to ask or determine the price of: We spent the day pricing furniture at various stores.
pricea•ble, adj. 

And

and (and; unstressed ənd, ən, or, esp. after a homorganic consonant, n),USA pronunciation  conj. 
  1. (used to connect grammatically coordinate words, phrases, or clauses) along or together with;
    as well as;
    in addition to;
    besides;
    also;
    moreover: pens and pencils.
  2. added to;
    plus: 2 and 2 are 4.
  3. then: He read for an hour and went to bed.
  4. also, at the same time: to sleep and dream.
  5. then again;
    repeatedly: He coughed and coughed.
  6. (used to imply different qualities in things having the same name): There are bargains and bargains, so watch out.
  7. (used to introduce a sentence, implying continuation) also;
    then: And then it happened.
  8. [Informal.]to (used between two finite verbs): Try and do it. Call and see if she's home yet.
  9. (used to introduce a consequence or conditional result): He felt sick and decided to lie down for a while. Say one more word about it and I'll scream.
  10. but;
    on the contrary: He tried to run five miles and couldn't. They said they were about to leave and then stayed for two more hours.
  11. (used to connect alternatives): He felt that he was being forced to choose between his career and his family.
  12. (used to introduce a comment on the preceding clause): They don't like each other--and with good reason.
  13. [Archaic.]if: and you please.Cf. an2.
  14. and so forth, and the like;
    and others;
    et cetera: We discussed traveling, sightseeing, and so forth.
  15. and so on, and more things or others of a similar kind;
    and the like: It was a summer filled with parties, picnics, and so on.

n. 
  1. an added condition, stipulation, detail, or particular: He accepted the job, no ands or buts about it.
  2. conjunction (def. 5b).

Floor

floor (flôr, flōr),USA pronunciation n. 
  1. that part of a room, hallway, or the like, that forms its lower enclosing surface and upon which one walks.
  2. a continuous, supporting surface extending horizontally throughout a building, having a number of rooms, apartments, or the like, and constituting one level or stage in the structure;
    story.
  3. a level, supporting surface in any structure: the elevator floor.
  4. one of two or more layers of material composing a floor: rough floor; finish floor.
  5. a platform or prepared level area for a particular use: a threshing floor.
  6. the bottom of any more or less hollow place: the floor of a tunnel.
  7. a more or less flat extent of surface: the floor of the ocean.
  8. the part of a legislative chamber, meeting room, etc., where the members sit, and from which they speak.
  9. the right of one member to speak from such a place in preference to other members: The senator from Alaska has the floor.
  10. the area of a floor, as in a factory or retail store, where items are actually made or sold, as opposed to offices, supply areas, etc.: There are only two salesclerks on the floor.
  11. the main part of a stock or commodity exchange or the like, as distinguished from the galleries, platform, etc.
  12. the bottom, base, or minimum charged, demanded, or paid: The government avoided establishing a price or wage floor.
  13. an underlying stratum, as of ore, usually flat.
  14. [Naut.]
    • the bottom of a hull.
    • any of a number of deep, transverse framing members at the bottom of a steel or iron hull, generally interrupted by and joined to any vertical keel or keelsons.
    • the lowermost member of a frame in a wooden vessel.
  15. mop or  wipe the floor with, [Informal.]to overwhelm completely;
    defeat: He expected to mop the floor with his opponents.
  16. take the floor, to arise to address a meeting.

v.t. 
  1. to cover or furnish with a floor.
  2. to bring down to the floor or ground;
    knock down: He floored his opponent with one blow.
  3. to overwhelm;
    defeat.
  4. to confound or puzzle;
    nonplus: I was floored by the problem.
  5. Also,  floorboard. to push (a foot-operated accelerator pedal) all the way down to the floor of a vehicle, for maximum speed or power.
floorless, adj. 

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