Price Floor price floor wikipedia a price floor is a government or group imposed price control or limit on how low a price can be charged for a product good commodity or service a price floor must be higher than the equilibrium pprice floor intelligent economist a price floor or a minimum price is defined as an intervention to raise market prices if the government feels the price is too low in this case since the new price is higher the producers benefitprice ceiling investopedia the opposite of a price ceiling is a price floor which sets a minimum price at which a product or service can be solddefinition of price floor what is price floor price definition price floor is a situation when the price charged is more than or less than the equilibrium price determined by market forces of demand and supply by observation it has been found that lprice floors economics fundamental finance a price floor is the lowest legal price a commodity can be sold at price floors are used by the government to prevent prices from being too low the most common price floor is the minimum wage the meconport price floors and ceilings price floors are only an issue when they are set above the equilibrium price since they have no effect if they are set below market clearing price when they are set above the market price then thereffects of price ceiling and price floor businesstopia like price ceiling price floor is also a measure of price control imposed by the government but this is a control or limit on how low a price can be charged for any commodity it is legal minimum pr.
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