If there is a ceiling below the floor then you can insulate the ceiling and that will insulate the floor using traditional insulation. If you are looking to insulate a basement floor then one of the cheaper forms of insulation is called Thermo-Tech Ultra Light flooring insulation. There are other forms that you can use but this is the least expensive.
the quantity of the good demanded with the price floor is less than the quantity demanded of the good without the price floor
price floor
price floor
if, at a current price there is a shortage of a good
Producers set the price floor when sailing a new good.
Price ceiling- a legal maximum price that may be changed for a particular good or service. Price floor- a legal minimum price below which a good or service may not be sold.
A price floor is the minimum price set by the government where as a price ceiling is the maximum price sellers can charge for a good or service.
A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, good, commodity, or service.
price floor
if, at a current price there is a shortage of a good
A price ceiling is the legal maximum price at which a good can be sold, while a price floor is the legal minimum price at which a good can be sold. A price ceiling is only binding when the equilibrium price is above the price ceiling. The market price then equals the price ceiling and the quantity demanded exceeds the quantity supplied, creating a shortage of goods. A price floor is only binding when the equilibrium price is below the price floor. The market price then equals the price floor and the quantity supplied exceeds the quantity demanded, creating a surplus of goods.
Yes, a binding price floor can cause a surplus in the market by setting the price above the equilibrium price, leading to an excess supply of the good or service.