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What is floor price...

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What is floor price...
  • 3 answers

Rajesh Rajesh 7 years, 11 months ago

Rajesh

Akansha Ahuja 7 years, 11 months ago

Floor price is minimum support price... It is the price which is more Than equilibrium price

Siddhant Singh Rathore 7 years, 11 months ago

Price floor is a situation when the price charged is more than or less than the equilibrium price determined by market forces of demand and supply. By observation, it has been found that lower price floors are ineffective. Price floor has been found to be of great importance in the labour-wage market.
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