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The minimum price legislation is the commodity sold at any price price below the one stated example government or authorities. The intention is to protect the supplier at times when the market id at equilibrium and price tends to fall (due surplus). To be effective, a minimum price must be set above prevailing current market equilibrium price. Also there should be no cheating.
What else can I help you with?
What is maximum price legislation?
it is the opposite of minimum price legislation.it is the commodity sold at a price above the one stated whereby the seller can increase the price of the commodity at will without prejudice
What is the definition of price legislation?
price legislation is a system in which laws are being made in the price of things
What is price legislation?
Price lagislature
Is a price floor a maximum or minimum price?
Minimum price Think floor is the bottom which is the minimum. Think ceiling is the top which is the maximum.
What is mean by minimum export price?
Minimum Export Price is the minimum price at which the government buys the agricultural produce (wheat, Rice etc) from the farmers.
What is maximum price legislation?
it is the opposite of minimum price legislation.it is the commodity sold at a price above the one stated whereby the seller can increase the price of the commodity at will without prejudice
What is the definition of price legislation?
price legislation is a system in which laws are being made in the price of things
What is price legislation?
Price lagislature
Is a price floor a maximum or minimum price?
Minimum price Think floor is the bottom which is the minimum. Think ceiling is the top which is the maximum.
Who sets the minimum wage?
Government, via legislation.
What is mean by minimum export price?
Minimum Export Price is the minimum price at which the government buys the agricultural produce (wheat, Rice etc) from the farmers.
What has the author Victor Pierpont Morris written?
Victor Pierpont Morris has written: 'Oregon's experience with minimum wage legislation' -- subject(s): Labor laws and legislation, Minimum wage
What is the minimum sale price for a car?
The minimum sale price for a car is the lowest price at which the seller is willing to sell the car.
Advantages and disadvantages of price legislation?
what is the advantages and disadvantages of price legistlation
Is minimum price is market price?
yes
What is the minimum listing price of an item in an eBay Store?
There is no minimum listing price for single item listings.
What is the minimum selling price for this product?
The minimum selling price for a product is the lowest price at which it can be sold to cover the cost of production and make a profit.
