On both occasions the government take action. For price floor if The Govt believes that the equilibrium price is too low. And that is not fair and just for the welfare of the people. So, the Government passes laws to make the actual price higher than the equilibrium price. For price ceiling if The Government believes that the equilibrium price set by the market is too high. The government believes that that is unjust and unfair for the people's welfare. So, the government passes laws to make the