Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Erika Rasure is globally-recognized as a ...

A price floor is designed to limit how much a price can be lowered on a product or group of goods. if set above the market equilibrium price, means consumers will be forced to pay more for that good ...

According to the concept of supply and demand, any product will find an equilibrium selling price. This is the price at which sellers are prepared to sell, and buyers are prepared to buy based on the ...