Reds Blog. Reds' 2015 schedule (Photo: Reds.com). The Pirates will be the Opening Day opponent for the Reds in 2015, with Pittsburgh opening at Great American Ball Park on April 6.The Cardinals will come to town after the Pirates, as all but one April game will be against a National League Central opponent.eds Blog. Reds' 2015 schedule (Photo: Reds.com). The Pirates will be the Opening Day opponent for the Reds in 2015, with Pittsburgh opening at Great American Ball Park on April 6.
I have read that a price floor causes a surplus, but to me it doesnt make sense because you would thinking since price floor is the minimum price that it would cause a shortage. If possible could someone or a group of people clarify how surplus and shortages relate to price floors and price ceilings. Add your answer.
For example: Let's consider the house-rent market. Here in the given graph, a price of $9000 has been determined as the equilibrium price with the quantity at 30 homes. Now, the government determines a price ceiling of $6000.At this rate there is a shortage (demand for 40 houses, but supply is for only 20 houses). In the long run, the extra 20 people will try to get a house on rent, which will eventually give rise to black market and higher rents. price ceiling is a government-imposed price control or limit on how high a price is charged for a product.