need help with "price floors and ceilings" (1 Viewer)

[_JoHNnY_]

hey i was wandering if anyone new any websites or information about price floors/ceilings. i need to know recent examples of these. the essay im doing is about government intervention.
so if u can plz help
thanx

 

[skypryn]

i just know from bulmer's book, there was a floor on wool in the 80's in aus, leading to oversupply as sheds filled with produce called "wool mountains".

 

[i-color]

price floors and price ceilings....govt mainly puts price floors on agricultural products because they tend to be undervalued in the world market because everyone can produce them even if not efficiently. But I'm not entirely sure what specific things they have put them on......because nowadays it's very rare for govt to intervene by price floors or price ceilings now. All I can think of is minimum wages but that's by unions.....