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  3. Price ceilings and price floors
  4. Optional: demand and supply at

3.3 Optional: demand and supply at work in labor markets  (Page 13/14)

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  • Card 13 / 14:
    What assumption is made for a minimum wage to be a nonbinding price floor? What assumption is made for a living wage price floor to be binding?

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Practice FlashCards 10 Key Terms 1

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Source:  OpenStax, Openstax microeconomics in ten weeks. OpenStax CNX. Sep 03, 2014 Download for free at http://legacy.cnx.org/content/col11703/1.2
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