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Utkarsha Mathure
Created on July 5, 2023
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Effects of Floor Price
Minimum price at which the sellers may sell a particular good or a service.
Floor price leads to situation of excess supply. To get rid of the old stock, producers flout the law and sell the goods at minimum price set by the government.
Floor price
Utkarsha Mathure
Created on July 5, 2023
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Transcript
Effects of Floor Price
Minimum price at which the sellers may sell a particular good or a service.
Floor price leads to situation of excess supply. To get rid of the old stock, producers flout the law and sell the goods at minimum price set by the government.