Question

14 true or false 9 points minimum wage for workers is considered a price floor. true false

Explanation:

A price floor is a minimum price set by the government (or other authority) that a good or service (in this case, labor, with wage being the price of labor) can be sold at. Minimum wage is a legal minimum price (wage) for labor, so it acts as a price floor in the labor market.

Answer:

True