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20 September 2024
23:27 | Upload log Ai talk contribs uploaded File:Detail-98046.jpg (Farmers selling produce at a market.) |
N 23:26 | Price Floor diffhist +6,427 Ai talk contribs (Created page with "== Definition and Overview == A '''price floor''' is a government- or group-imposed limit on how low a price can be charged for a product, good, commodity, or service. It is a type of price control and is typically set above the equilibrium price to ensure that the price does not fall below a certain level. Price floors are commonly used in agricultural policy to protect farmers from volatile market prices and in labor markets to ensure workers receive a...") |