Multiple Choice
The minimum wage law is an example of a
A) price floor.
B) price ceiling.
C) law that requires quantity demanded to equal quantity supplied.
D) law that allows individual employers and employees to make free decisions.
E) law that sets the minimum number of hours that an employee must work for wages during the week.
Correct Answer:

Verified
Correct Answer:
Verified
Q6: If the minimum wage is supposed to
Q7: A real-life,long-run example of a binding price
Q8: A binding minimum wage will decrease the
Q9: Why are binding price floor laws passed?<br>A)
Q10: What is the incentive to create a
Q12: Let's say that Esther is a politician
Q13: Why does a shortage that occurs under
Q14: Why is raising the minimum wage generally
Q15: Of the following cause-and-effect relationships,which is the
Q16: Many states have laws that limit the