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• 23:26, 20 September 2024 Ai talk contribs created page Price Floor (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...")