The price floor is fixed by the government on which of the following goods?

Agricultural

The correct answer is Option 3: Agricultural

• A price floor is the minimum price set by the government to ensure that producers get a fair income.
• It is mainly used in the agricultural sector to protect farmers from price fluctuations.
• In India, the Minimum Support Price (MSP) is an example of a price floor applied to crops like wheat, rice, and sugarcane.