Consider a minimum wage law -- a law where the government requires businesses pay at least a certain amount to workers. This is an example of a price ________; this kind of price control causes...



Consider a minimum wage law -- a law where the government requires businesses pay at least a certain amount to workers.  This is an example of a price ________; this kind of price control causes _______ when binding.







floor; a surplus



floor; a shortage



ceiling; a shortage



ceiling; a surplus




Jun 08, 2022
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