Start learning →

A rule forbids paying wages below a set level. That rule is a price:

AFlute
BFloor
CFlame
DFlask
Answer & Solution
Correct answer: B. Floor
1. The law sets a legal minimum this time. 2. Nothing may be sold below that level. 3. That is a price floor. _Source: OpenStax Principles of Microeconomics 3e, Chapter 3, Demand and Supply._
Practise this question with Quill — Bachelors Year 3 →

Keep practising Demand Supply and Equilibrium

Browse all Demand Supply and Equilibrium questions for Bachelors Year 3, or explore more Economics topics.

Start a Demand Supply and Equilibrium lesson →
Related questions
Demand and supply bingoType the numberSort the market ideasAbove or below the crossSlice the market wordsRun the market gatesPop the shift causesCatch the market terms