Price Floor Quotes

To economists, prices serve as crucial signals to producers and consumers. In a regulated market, the state sets prices high enough for private companies to cover their costs and earn a guaranteed profit for their investors. But in a deregulated market, prices should vary with demand and supply.

A shortage is a sign that somebody is keeping the price artificially lower than it would be if supply and demand were allowed to operate freely.

As an economist, whenever I hear the word shortage I wait for the other shoe to drop. That other shoe is usually price control.

We must keep prices under control to ensure that price increases do not exert a major negative impact on people's lives.

Value is what people are willing to pay for it.

In the U.S., PC-makers have no incentive to lower prices because it kills their profit margins. They keep adding new features like high-end retina displays and faster processors to justify their high prices.

A minimum-wage law, a law that prevents employers and employees from entering into mutually beneficial economic exchanges, is as far from a free market or free enterprise as one can get. That's why it causes so much damage and destruction, especially to black teenagers and others whose labor, for one reason or another, is valued by employers at less than the government-established minimum wage.

Increases in output generally lead to lower prices, not higher prices.

Everybody's doing it. In capitalism, you try to get the highest price you can for a product.

When coffee prices fall below production costs, farmers are often forced off their land, and they lose their homes, everything. With fair trade, farmers get a fair price for their harvest with a guaranteed minimum, so they can invest in their crops.

Farmers will not see good days unless their produce gets a guaranteed price. Even a notebook, a pen, or a soap has a price printed on it, but the milk that farmers sell do not have any price.

Rent control created deadweight loss.

I do not support raising the minimum wage, and the reason is as follows: When the minimum wage is raised, workers are priced out of the market.

As much as I'd love to give everybody a really cheap option, it's just simply not possible in certain sorts of extreme events... I guarantee that our strategy on surge pricing is the optimal way to get as many people home as possible.

Things that price at $4.99 sell very differently than things that price at $5.

A common price isn't the lowest price. It will most obviously be the highest price.

Competition is the final price determinant and competitive prices may result in profits which force you to accept a rate of return less than you hoped for, or for that matter to accept temporary losses.

You want supply to always be full, and you use price to basically either bring more supply on or get more supply off, or get more demand in the system or get some demand out.

Free market economists frequently see minimum wage legislation as mere political intervention. However, there are decent economic theories which show that, under certain circumstances, minimum wages can be beneficial, as it makes workers more productive.

As a matter of principle, Republicans do not believe in federal price controls.

I started working and publishing in price theory by 1938.

It's a market economy. Apparently the demand for great coaches exceeds the supply, so of course the price of good coaches is going to be high.