Establishing a price floor is a policy that consists on setting a threshold so that the price of a certain product or service cannot be decrease under that. It distorts the market outcome when it is larger the equilibrium price, because the amount supplied (in this case by wheat producers) at the price floor level would the larger than the amount demanded by consumers and, hence, there is an excess of supply.
his father use to love books and he use to buy a lot of them, and because his father loved books, and the 1st person speaker started to love books as well.
