Which of the Following Is a Correct Statement About a Minimum

Multiple Choice

Which of the following is a correct statement about a minimum wage law?

A) It reduces costs for employers.
B) It ensures that anyone who wants a job can get a job with a high enough wage.
C) It causes prices to rise as producers pay more for labor.
D) It is a price ceiling law that makes wages higher than the market equilibrium price.
E) It is a price floor law that forces wages to be lower than the market equilibrium price.