________ is a real-life example of a price floor.
A) A minimum wage law
B) Rent control
C) A price gouging law
D) A black market price
E) A price

Question

Quizplus · Accepted Answer

A minimum wage law is a real-life example of a price floor. It sets a minimum price that employers must pay their employees for their labor. This means that employers cannot pay their employees below the legal minimum, ensuring that workers are not exploited and have a minimum standard of living.

________ Is a Real-Life Example of a Price Floor