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One form of a price floor is minimum wage. Minimum wage is a really good thing but it also has a bad side. That is if the minimum wage is set above the market equilibrium wage rate, the result is a decrease in employment.
Wiki User
∙ 14y ago
Wiki User
∙ 9y agoYou see, surpluses come at a great cost. I don't think it will ever cause less of a surplus. In the future it will only become more of a problem. So the answer is it doesn't.
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What is causes a surplus price ceiling or price floor?
A price floor can cause a surplus while a price ceiling can cause a shortage but not always.
A price floor will cause a large surplus when demand is and supply is?
A price floor will cause a large surplus when the demand is low and the supply is high. The floor is the lowest point at which something can be sold without losing money.
How is a price floor different from a price ceiling?
Price floor is a minimum and price ceiling is a maximum.
When is a price floor not binding?
the quantity of the good demanded with the price floor is less than the quantity demanded of the good without the price floor
What is floor price in share market?
A floor price is a group-imposed price limit on how low a price can be charged for a product.
What is causes a surplus price ceiling or price floor?
A price floor can cause a surplus while a price ceiling can cause a shortage but not always.
A price floor will cause a large surplus when demand is and supply is?
A price floor will cause a large surplus when the demand is low and the supply is high. The floor is the lowest point at which something can be sold without losing money.
Why would a floor bend?
Most likely cause would be the floor has a moisture problem or the floor was not level when it was installed. There is always a chance if it is fairly new that it is defective.
How is a price floor different from a price ceiling?
Price floor is a minimum and price ceiling is a maximum.
How is floor price different from a price ceiling?
Price floor is a minimum and price ceiling is a maximum.
When is a price floor not binding?
the quantity of the good demanded with the price floor is less than the quantity demanded of the good without the price floor
What is floor price in share market?
A floor price is a group-imposed price limit on how low a price can be charged for a product.
Give an example of a price ceiling and an example of a price floor?
Price cealing: rent control Price floor: minimun wage
How could spilling water be a safety problem?
Spilled water can make a floor slippery, which can cause people to slip.
Give an example of a price floor and a price ceiling and the purpose of the controls?
an example of a price floor is the minimum wage
How is price floor different from price ceiling?
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.
What is a price floor?
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.
