Economy, asked by siddeshgmysore3854, 10 months ago

Consequences of a price floor

Answers

Answered by nalini13

1

Price floors prevent a price from falling below a certain level. When a price floor is set above the equilibrium price, quantity supplied will exceed quantity demanded, and excess supply or surpluses will result. Price floors and price ceilings often lead to unintended consequences.

Previous Question

Next Question

Similar questions

Computer Science, 5 months ago

Talukawise wheat production in the district which method is used? i) Isopleth method i) Dot method ii) choropleth Method ...

Biology, 5 months ago

I am having pain at a specific point in my gum and feeling that pain while eating the food. What could it be ?

Math, 5 months ago

action en backets both sides 2Sobe each of the following equations and check your solution by substituting Exercise quations by caring out the | 30-3-2=4 (iv) 2 = 4 (2+4) (1 6=3(6-4) (0 : 3-3 - 4 = 23 リー2 2. 1 Br-3=13 (Multiply by 2) 1 3y-3=21 (Add 57 5x + 14 = 24 Subtract 5 w 10y-5=36 (Divide by 2) 5+4x=21 (Multiply by 3) for 3-7x=29 (Subtract 4 30-7-- 4 fix) 3[b+ 4) - 7= 4b + 14 (x) 4(x+2) =...

CBSE BOARD X, 10 months ago

A student gets 75 , 75 , 64 , 51 , 50 in exams . What is the percentage of the student...

Math, 10 months ago

If a + b + c = 0 and a square + b square + c square = K ( a square minus b c ) then k will be...

Math, 1 year ago

question is the surfce area of a cuboid is 1300cm2 if its breath is 10cm height is 20cm find its length...

Math, 1 year ago

A shopkeeper loses 5%by selling a watch for 1140 rupees for how much must he sell it to gain 5?

Math, 1 year ago

Find the Arithmetic mean of first four natural number ?