Price floors are enacted when discounted sellers feeling that prices are too low appeal to legislators to keep prices from falling.
Given an incompleted sentence related to discounted sellers who are feeling that the prices are too low.
We are required to fill the blank with appropriate term so that the sentence can be completed.
The term which can be filled in the blank is price floor.
Price floor refers to a point beyond which the price cannot be lower down by any person in the market. The opposite of this is known as price ceiling.It refers to the point above which the seller cannot increase the price of its product.
Hence price floors are enacted when discounted sellers feeling that prices are too low appeal to legislators to keep prices from falling.
Learn more about price floor at https://brainly.com/question/26108287
#SPJ4
