1.

What is meant by Price Floor? Discuss in brief, any one consequence of imposition of floor price above equilibrium price with help of a diagram. Or How is the price of a commodity determined in a perfectly competitive market? Explain with help of a diagram.

Answer»

What is meant by Price Floor? Discuss in brief, any one consequence of imposition of floor price above equilibrium price with help of a diagram.
Or
How is the price of a commodity determined in a perfectly competitive market?
Explain with help of a diagram.



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