Concept
Version 6
Created by Boundless
Price Floors
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Price Floor
If a price floor is set above the equilibrium price, consumers will demand less and producers will supply more.
Source
Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:
"Effect of a Price Floor."
http://commons.wikimedia.org/wiki/File:Effect_of_a_Price_Floor.gif
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