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.
[hide] 1  1 Definition. 2  2 Basic theory in perfectly competitive markets 2.1 Non-binding price floor: price floors set below the market price have no effect. 2.2 Binding price floors: price floors set above the market price cause excess supply. A price floor set above the market price causes excess supply, or a surplus, of the good, because suppliers, tempted by the higher prices, increase production, while buyers, put off by the high prices, decide to buy less.