Price floors are primarily targeted to help

Name: Price floors are primarily targeted to help
Brand: Quizplus
Rating: 4.9 (55 reviews)

Question

Quizplus · Accepted Answer

Price floors are set by the government above the market equilibrium price to ensure that producers get a higher price for their goods or services. This helps the producers by guaranteeing them a minimum price for their goods, thus protecting their profits. In this way, price floors are primarily targeted to help producers.

Price Floors Are Primarily Targeted to Help