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What is price floor ?

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What is price floor ?

Posted by Prathvi Sharma 6 years, 9 months ago

CBSE > Class 12 > Economics

3 answers

Anshul Agrawal 6 years, 9 months ago

Fixing of price more than actual price of commodity by government... Example price of onion when surplus is fix by government know as msp... No seller or buyer can sell or purchase below it...

Harman Sandhu 6 years, 9 months ago

It must be set above the equilibrium price

Harman Sandhu 6 years, 9 months ago

It's a minimum price which is fixed by the govt To prevent prices From being too low

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