Difference between revisions of "Price floor"
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(New page: Price floor is a price level set by government that prohibits a price from falling below a certain level. It is rare to have a price floor unless there is a severe depression or crisis in...) |
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Price floor is a price level set by government that prohibits a price from falling below a certain level. It is rare to have a price floor unless there is a severe depression or crisis in an industry. More often government will use a [[subsidy]] to help suppliers who suffer from decreases in price. | Price floor is a price level set by government that prohibits a price from falling below a certain level. It is rare to have a price floor unless there is a severe depression or crisis in an industry. More often government will use a [[subsidy]] to help suppliers who suffer from decreases in price. | ||
| + | *The most common example of a price floor in the United States is minimum wage. | ||
Revision as of 07:25, April 22, 2007
Price floor is a price level set by government that prohibits a price from falling below a certain level. It is rare to have a price floor unless there is a severe depression or crisis in an industry. More often government will use a subsidy to help suppliers who suffer from decreases in price.
- The most common example of a price floor in the United States is minimum wage.
