Price floors are used as a method to:
A)assure buyers that goods won't be cheaper tomorrow.
B)see that production levels don't fall too low.
C)guarantee there will be enough food for everyone.
D)combat excess demand in the market.
E)assure sellers of a minimum price for their goods.

Question

Quizplus · Accepted Answer

Price floors are often set by governments to assure producers or sellers of a minimum price for their goods. This can help stabilize markets and prevent prices from falling too low in times of economic hardship.

Price Floors Are Used as a Method To