Tag: minimum-wage

Tag: minimum-wage

1 page tagged minimum-wage.

Pages

• Chapter 26: Government in the Marketplace — Price Ceilings and Price Floors — Economics 101

  Legal caps on prices create shortages; legal floors create surpluses. The reason isn’t politics — it’s the law of supply and demand. Rent control and minimum wage are the textbook cases.

Related tags

• price-controls
• price-ceiling
• price-floor
• rent-control
• shortages
• surpluses