What is the minimum wage an example of

Name: What is the minimum wage an example of
Brand: Quizplus
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Quizplus · Accepted Answer

The minimum wage is an example of a price floor because it sets a legal minimum for the amount that employers can pay their workers. It is meant to ensure that workers receive a certain level of compensation, but it can also create unintended consequences such as unemployment and lower hours for those who are affected by it.

What Is the Minimum Wage an Example of