Meaning price floor
What does price floor mean? Here you find 6 meanings of the word price floor. You can also add a definition of price floor yourself
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price floorA government-imposed lower limit on the price that may be charged for a product. If that limit is binding, it implies a situation of excess supply, which the government may need to purchase itself to [..]
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price floorA legally established minimum price. Pressured by special interest groups, our beloved government is often convinced that the price of a good needs to be kept at a higher level. Examples of goods that [..]
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price floorA legally established minimum price that may be charged for a good or service.
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price floorThe lowest price allowable by regulators. Keeping prices from dropping too low may help sellers.
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price floorA government-mandated minimum price that must be paid for a good or service.
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price floorLaw requiring that a price for a certain good be kept above some level.
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| << price level | price flexibility >> |
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