The minimum wage is an example of a government imposed
A)price control.
B)price ceiling.
C)price floor.
D)Both A and B
E)Both A and C

Name: The minimum wage is an example of a government imposed A)price control. B)price ceiling. C)price floor. D)Both A and B E)Both A and C
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The minimum wage sets a floor on the price of labor, therefore it is an example of a government imposed price floor. It is not a price ceiling because it does not limit the maximum price that can be charged for labor.

The Minimum Wage Is an Example of a Government Imposed