What are price controls?Definition: Price controls are governmental restrictions on the prices that can be charged for goods and services in a market. Wider definition
- Are taxes a form of minimum pricing.
Price Floors
Price floors must be set above the current and expected market price, if they are not, they become redundant.
Table xxx
Price floors reduce consumption.
The government in the U.K understands that:
Minimum alcohol prices will reduce the alcohol consumed.
But does not seem to want to understand:
Minimum wages will reduce the amount of workers employed.
Someone who is pro minimum alcohol prices and pro jobs, to be consistent, must be against minimum wages as the same logic applies to both policies. Government doesn't seem to get this so what's really going on?
Price Ceilings | 
