What does price floor mean?
Definitions for price floor
price floor
This dictionary definitions page includes all the possible meanings, example usage and translations of the word price floor.
Princeton's WordNet
price floornoun
floor below which prices are not allowed to fall
"the government used price supports to maintain the price floor"
ChatGPT
price floor
A price floor is a government- or group-imposed limit on how low a price can be charged for a product, good, or service. It is intended to prevent prices from being too low, protecting producers or the market from unsustainable conditions. If set above the market equilibrium price, a price floor can result in a surplus of goods or services as demand may decrease due to the elevated prices.
Wikidata
Price floor
A price floor is a government- or group-imposed limit on how low a price can be charged for a product. A price floor must be greater than the equilibrium price in order to be effective.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of price floor in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of price floor in Pythagorean Numerology is: 9
Translations for price floor
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"price floor." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/price+floor>.
.jpg/300px-Fight_for_$15_on_4-15_(17161520871).jpg "price floor")
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