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Prices in a market act like an invisible hand that: 

          Prices in a market act like an invisible hand that:
Prices in a market act like an invisible hand that:

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Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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Prices in a market act like an invisible hand that:
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Transcript

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0:00 Hello.
00:03 It's given that this price ceiling which is $8 and it's imposed below the equilibrium price which is $10.
00:18 So this is because $8 is less than $10.
00:24 So at the result we can say that this price ceiling is binding.
00:32 Binding means there is some real effect of this price ceiling...
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