What is an example of a price floor

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asked Oct 9, 2023 99.3k views

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DeborahK · Answer 1 · 2023-10-13T10:30:36+0000

Answer:

Minimum Wage

Step-by-step explanation:

A price floor simply tells us the minimum price a commodity can be bought. A good example is the minimum wage. In this case, employers cannot pay employees lower than this amount.

What is an example of a price floor

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