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Price floor?? Price ceiling??

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Price floor?? Price ceiling??

Posted by Piyush Sant 7 years, 9 months ago

CBSE > Class 12 > Economics

2 answers

Shipra Tanwar 7 years, 9 months ago

Price floor means to set minimum price above the equilibrium price which is paid to farmers n producers.. Price ceiling meansto set maximum price below the equilibrium price which can be afford by the poor people....

Sahil A 7 years, 9 months ago

Price Ceiling: Wheb govt sets maximum price of product whch is less than the open market price. Price Floor:Whne govt sets lowest price for the prduct espcially frm prduct to rwgulate the income of frmer

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