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Q: What do price floors protect?
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Do producers tend to favor price floors or price ceilings?

price floors because, when binding, price floors increase price above the equilibrium and may increase producer surplus.


Why price floor is used?

A price floor is used to protect the producer. When prices dip too low, the producer is not making enough to cover their expenses. Most of the time price floors are implemented in the agriculture business.


Why are price floors and price ceilings posed?

if the market price imposed by suppliers are too high for consumers then the price ceilings are imposed....if the market price is too low for the producers then price floors is imposed.


What is price floors?

The lowest legal price that can be paid for a good or service.


How much does it cost to refinish my hardwood floors.?

I need to someone to refinish my hardwood floors. What is the average price of doing so?


Where can I find information on bamboo floors?

You can get the information about the bamboo floors on internet. I Floor is one of the best flooring website in the world. I Floor provides the best wooden floors in different colors. You can order them for floors in a best reasonable price.


What kind of chair casters can help protect my real hardwood floors?

ypu can find many different kinds of chaircasters that protect your hardwood floors and come in multiple colors here. http://www.castercity.com/hardwood-floor-furniture-casters.htm


What do economists mean when they say that price floors and ceilings stifle the rationing function of prices and distort resource allocation?

When economist says price floors means above equilibrium and leads to undermanned surplus. When they say price ceilings it means price below equilibrium which leads to unsupplied shortage.


What happens when government imposes price ceilings and floors in a market?

efficiency


Where can I find the best price on hardwood floors?

Home Depot would be your best bet. They offer fairly good hardwood, and at a generally good price.


What happens When the government intervenes in the market by imposing price ceilings and price floors?

Shortages, Surplus and Unintended consequences.


Tips To Make Wood Floors Shine?

Although there are many types of flooring, wood floors are gaining in popularity. You can make your wood floors shine by using a protective wax made especially for wood floors. The wax will help protect the floor from scratches and spills. Clean the floor before you wax by using a wood floor cleaner.