Economy, asked by abhikharaliye, 2 months ago

8. What is meant by floor price?

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Answered by SnehaKesharwani

Answer:

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. ... Price floor leads to a lesser number of workers than in case of equilibrium wage.

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8. What is meant by floor price?​

Answers

8. What is meant by floor price?