Enrol now for FREE tuition! A minimum price is a price floor set by the government or some other agency. The price is not allowed to fall below this level Controls are only valid in markets where the minimum price is set above the normal equilibrium price. The equilibrium price is initially Pe and Qe is the quantity demanded and supplied.
Is the new minimum price artificial?
From the graph above we can see that both the initial and the new minimum prices are both above the natural equilibrium of Xe1 which means the new price is artificial. At P1 only Q1 was demanded but because supply was at Q4 the government had to buy the rest of the supply (Q4 – Q1) at the price of P1.
How much is minswap (Min) worth?
Minswap (MIN) price has increased today. The price of Minswap (MIN) is $0.03487414 today with a 24-hour trading volume of $333,662. This represents a 3.39% price increase in the last 24 hours and a 1.41% price increase in the past 7 days. With a circulating supply of 0 MIN, Minswap is valued at a market cap of -. Where can you buy Minswap?
What is mint price?
Definition of mint price : the price at which a mint buys metal for coining a considerable difference between the market and mint prices of gold — Louis Infield
