Economy, asked by lashiboli751, 10 months ago

what is price of floor? explain it implication with the help of a digram.​

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Answered by panesarh989
1

Answer:

Price floors are used by the government to prevent prices from being too low. The most common price floor is the minimum wage--the minimum price that can be payed for labor. ... This graph shows a price floor at $3.00. You'll notice that the price floor is above the equilibrium price, which is $2.00 in this example

Answered by asingh90262
3

Answer:

hope it helps you dear...........................

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