Larkinmoyes Larkinmoyes
  • 07-06-2022
  • Business
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What is an example of a price floor

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iheonuchimere
iheonuchimere iheonuchimere
  • 07-06-2022

Answer:

Minimum Wage

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.

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