NOUN
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floor below which prices are not allowed to fall
the government used price supports to maintain the price floor
How To Use price floor In A Sentence
- As with other protectionist schemes, it is really about taxing Americans and imposing price floors to benefit a politically influential industry.
- It significantly lowered internal price floors towards world market levels, opened its market to imports, and agreed to subsidize fewer export goods.
- In California, we recently saw the retail price floor for milk bring the price of a 2 gallon non-fat back to over $5.30. The Political Economy of Wishful Thinking, Michael Munger | EconLog | Library of Economics and Liberty
- Monopolies, however, are formed when an industry uses government power to enforce a price floor.
- Price floors or ceilings can be used to demonstrate how changes in the institutional structure lead to changes in behavior and market performance.
- the government used price supports to maintain the price floor
- The most glaring example is the carbon price floor. Times, Sunday Times
- It's an economic certainty: price floors cause a shortage of buyers.
- The most glaring example is the carbon price floor. Times, Sunday Times
- At the time, the primary form of farm subsidy was price supports - price floors that are legally imposed above free-market prices.