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Storyboard 2
Updated: 4/17/2020
Storyboard 2
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Storyboard Text

  • This year is gonna be great
  • The people want meat, so I will implement a price cap on meat.
  • This year is gonna be great
  • Rancher Sam has tons of cattle, so he hopes that he can make a large profit when he sells the beef to his local butcher
  • Politician Bill implements a price cap on meat, but Rancher Sam sells his meat for above the price cap, so this year he will lose some profit.
  • Rancher Sam sells one cow to his local butcher hoping that the price cap will be removed next year. This is a decrease in the quantity supplied or a shift down along the supply curve.
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