A minimum wage is an example of a
A) price floor.
B) price ceiling.
C) quantity quota.
D) free market equilibrium.

Name: A minimum wage is an example of a A) price floor. B) price ceiling. C) quantity quota. D) free market equilibrium.
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Question

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A minimum wage sets a price floor, which means that employers cannot pay workers less than a certain amount per hour. This is meant to ensure that workers are paid a fair wage and not exploited by employers who may try to pay them less.

A Minimum Wage Is an Example of a