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What is price floir

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What is price floir

    • Posted by Priyanka Tekriwal 7 years ago

    CBSE > Class 12 > Economics
    • 1 answers

    Amarnath Ankit 7 years ago

    Price floor is the minimum price of a commodity, as fixed by the government. Often, this is higher than the equilibrium price of the commodity. No body in the market can buy the product at a price lower than the floor price

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