the lowest amount a manufacturer can pay factory workers is an example of\no an incentive.\no a price…
the lowest amount a manufacturer can pay factory workers is an example of\no an incentive.\no a price floor.\no a price ceiling.\no an elastic service.
Answer
Brief Explanations:
A price floor is a minimum - set price. The lowest amount a manufacturer can pay factory workers (minimum wage) is a price floor as it sets a minimum limit on the price (wage) of labor. An incentive is something that encourages action. A price ceiling is a maximum - set price. Elasticity refers to the responsiveness of quantity demanded or supplied to a change in price.
Answer:
B. a price floor.