A maximum wage law,as opposed to a minimum wage law,would be considered a
A) price ceiling.
B) price floor.
C) tax on businesses.
D) sales tax.
Correct Answer:
Verified
Q98: The relationship between quantity supplied and price
Q99: Price floors are
A)sometimes associated with surpluses.
B)always associated
Q100: Which statement is true?
A)Most economists support rent
Q101: When market price is above equilibrium price
A)a
Q102: _ states that price and quantity demanded
Q104: If the quantities in the demand schedule
Q105: When the price is $2
A)quantity supplied is
Q106: When market price is below equilibrium price
A)a
Q107: Equilibrium is the condition that exists
A)when quantity
Q108: If quantity supplied is less at each
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