Economics
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Boundless Economics
Introducing Supply and Demand
Government Intervention and Disequilibrium
Economics Textbooks Boundless Economics Introducing Supply and Demand Government Intervention and Disequilibrium
Economics Textbooks Boundless Economics Introducing Supply and Demand
Economics Textbooks Boundless Economics
Economics Textbooks
Economics
Concept Version 6
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Price Floors

Price Floor

Price Floor

If a price floor is set above the equilibrium price, consumers will demand less and producers will supply more.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "Effect of a Price Floor."
    http://commons.wikimedia.org/wiki/File:Effect_of_a_Price_Floor.gif Wikimedia Public domain.

Related Terms

  • free-market equilibrium price
  • price floor
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