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A minimum wage _____.

Asked on by | Votes 0 | Views: 29 | Tags: ssc     | ssc chsl     | ssc chsl tier 1     | ssc chsl 2017     | ssc chsl 23 01 2017     | economics     | general knowledge     | Add Bounty

A minimum wage _____.
1). is the price floor below which workers may not sell their labor
2). is set at a price below the equilibrium wage
3). creates a price ceiling below which the wage cannot legally go
4). decreases unemployment

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1 answers

2 vote
Answered by on | Votes 2 |
Its very simple question is the price floor below which workers may not sell their labor is the correct answer.

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