Price floor flashcard sets

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price floor definitions
# Definition Sets
1a minimum price for a good or service18 sets
2a legal minimum on the price at which a good can be sold10 sets
3a legally determined minimum price above the equilibrium price4 sets
4a legally determined minimum price that sellers may receive4 sets
5floor below which prices are not allowed to fall3 sets
6a minimum price below which exchange is not permitted3 sets
7lowest legal price that can be paid for a good or service3 sets
8a minimum allowable price, specified by law3 sets
9the lowest legal price that can be charged for a product.2 sets
10a legal minimum on a price that can be charged in the market2 sets
11lower limit imposed on the price of a good or service2 sets
12a legally determined minimum price above the equilibrium price.2 sets
13minimum price fixed by the government2 sets
14legal minimum below which the price charged for a commodity is not permitted to fall2 sets
15the lowest legal price that can be paid for a good or service2 sets
16min legal price that can be charged for a product2 sets
17minimum price g/s (top line on graph)2 sets
18a legal minimum price below which a good or service may not be sold. legal minimum wages are an example2 sets
19minimum price buyers are required to pay for a good or service2 sets
20a minimum legal price below which a product cannot be sold2 sets
21a minimum price set by government above the equilibrium price. by law, price is not allow to fall below the price floor.2 sets
22a mininum price for a good or service2 sets
23legal minimum price that may be charged2 sets
24the lowest legal price that can be paid for a good or service.2 sets
25minimum price for a good or service2 sets
26a government minimum price that can be charged for goods and services, more common, and can prevent prices from dropping too low2 sets
27a minimum price for some goods and services2 sets
28a minimum price below which exchange is not permitted.2 sets
29price below which a commodity may not sell1 set
30a minimum set price1 set
31when government sets a price above equilibrium1 set
32minimum price that can be charged for goods and services, set by the government1 set
33a minimum allowable price, specified by law.1 set
34a legal minimum on the price at which a good can be sold, quantity supplied exceeds quantity demanded1 set
35the lowest legal amount that can be paid for a good or service1 set
36an artificial price set by government, above the market equilibrium price.1 set
37gov. mandated min price, below whic legat trades cannot be mad1 set
38establishes a minimum legal price for the good or service1 set
39minimum legal price allowed by government1 set
40lowest legal price that can be charged for a product1 set