Government price controls
- Created by: Lottie
- Created on: 01-12-11 17:28
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Minimum Prices
- price floor set by government where the price is not allowed to fall below this set floor( but allowed to rise above)
Reasons:
- Protect earnings of producers- e.g. for farmers so they can know how much they will earn and not have no money in a bad harvest
- Create surplus…
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