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    Exam 4: Supply and Demand: Applications and Extensions
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    A Legally Mandated Minimum Wage Is an Example of
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A Legally Mandated Minimum Wage Is an Example of

Question 155

Question 155

Multiple Choice

A legally mandated minimum wage is an example of


A) the invisible hand principle.
B) a price floor.
C) a price ceiling.
D) a fringe benefit.

Correct Answer:

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