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A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, good, commodity, or service. It is one type of price support; other types include supply regulation and guarantee government purchase price. A price floor must be higher than the equilibrium price in order to be effective. The…
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price floor market minimum alcohol prices government supply floors equilibrium also higher pricing wage ceiling carbon support us set would
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Price floor | is a | government- or group-imposed price control or limit on how low a price can be charged for a product | 0.90 | text |
| supply | instance of | is the price where economic forces | 0.80 | text |
| demand are balanced | instance of | is the price where economic forces | 0.80 | text |
| in the absence of external influences the | instance of | is the price where economic forces | 0.80 | text |
| companies | instance of | there are also price floors which are implemented by non-governmental organizations | 0.80 | text |
| such as the practice of resale price maintenance | instance of | there are also price floors which are implemented by non-governmental organizations | 0.80 | text |
| emission reduction commitments or price commitments | instance of | Carbon pricing can be determined by specific policies such as taxes or caps or by commitments | 0.80 | text |
| Price floor | related to Agriculture | Previously | 0.60 | section |
| Price floor | related to Agriculture | Europe | 0.60 | section |
| Price floor | related to Agriculture | Since | 0.60 | section |
| Price floor | related to Agriculture | EU | 0.60 | section |
| Price floor | related to Agriculture | As | 0.60 | section |
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