What are the pros and cons of higher minimum wages? Breifly talk
about If you are...
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Economics
What are the pros and cons of higher minimum wages? Breifly talkabout If you are a supporter or not of higher minimum wages.
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Ans Minimum wage is an example of price floor Price floor isthe legal minimum price that must be paid for any product Abinding price floor is above the equilibrium priceSo a binding
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