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Minimum wage and farming price control are examples of _____. a. market-clearing prices b. price ceilings c. price floors

Victoria Fowler

in Social studies

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Ronald Miller on August 21, 2018

This is an example of price floors. The government sets a price floor to prevent prices to go down or is too low. The minimum wage is the minimum amount of money that a person can be paid per hour, and the employer may not be lower than that.


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