CBSE Class 12-commerce Answered
What is price floor?
Asked by Topperlearning User | 26 Apr, 2016, 07:26: AM
Expert Answer
Price floor means the minimum price fixed by the government for a good in the market. Government fixes this price on agricultural products and food grains in particular. A minimum price is fixed which the traders must pay to the farmers in the wholesale market. Thus, the income of the farmer is regulated and a continuous production is assured.
Answered by | 26 Apr, 2016, 09:26: AM
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:26: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:26: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:26: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:26: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:26: AM
ANSWERED BY EXPERT