-Which of the following is a price floor?
A) rent controls
B) minimum wage rates
C) a freeze on upward-moving gasoline prices
D) college tuition caps

Question

-Which of the following is a price floor?
A) rent controls 
B) minimum wage rates 
C) a freeze on upward-moving gasoline prices 
D) college tuition caps

Quizplus · Accepted Answer

Minimum wage rates are a form of price floor because they set a legal minimum price for labor, below which workers cannot legally be paid. This is intended to ensure workers receive a minimum income for their labor.

-Which of the Following Is a Price Floor