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I'm stuck on figuring out an issue for price floor, this is the scenario The hospitality industry has been hit hard by the Covid-19 pandemic.
I'm stuck on figuring out an issue for price floor, this is the scenario "The hospitality industry has been hit hard by the Covid-19 pandemic. Most hotels have suffered great losses in revenue from the fall in tourism. To boost revenue for the hotel industry, the government is considering a price floor of $300 per room per night for all hotels across New Zealand. Before enacting it, they have asked you to advise them on the likely economic and social impacts of the price control. "
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