price floor

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what is a price floor? Price floor is a legally established minimum price that can be charged for a good
what is the attempt to set a minimum price for goods called? price floors
what is the effect of price floor in the market for a certain good? A price floor on a certain good would cause a surplus of it
what is the effect on supply when price floors are set above the equilibrium price? A price floor creates excess supply when it is set above the equilibrium price
If there is excess supply for a product because of price controls, we can be sure that the price control being used is a? price floor
An effective price floor will result in a product surplus.
what would happen if there was a price floor on wheat? There would be a surplus of wheat

what is a price floor?

what is the attempt to set a minimum price for goods called?

what is the effect of price floor in the market for a certain good?

what is the effect on supply when price floors are set above the equilibrium price?

If there is excess supply for a product because of price controls, we can be sure that the price control being used is a?

An effective price floor will result in

what would happen if there was a price floor on wheat?

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