Price Floor

I think that putting a price floor on goods and services is a good thing. an example of putting a price floor on a product is a car if the price is high on it then people will not be happy and they will complain about the price.If the price is too low people will buy the product but you will have a low profit margin. By putting a price floor on the product, this allows people to have to buy at a certain price to buy or higher, which meets both supply and demand needs for the producer and the consumer.