Suppose that the government imposed a price floor on wages, Microeconomics

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Suppose that the government imposed a price floor on wages

Suppose that the government imposed a price floor on wages (minimum wage) in order to make sure that workers can earn a living wage. Is this a price floor? What are the economic implications of this action in the labour markets? Use graphs as required and describe your answers thoroughly.

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Microeconomics: Suppose that the government imposed a price floor on wages

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