the minimum wage is an example of\na. a price ceiling\nb. an input quota.\nc. a price floor.\nd. an…

Brief Explanations:

A price floor is a legal - minimum price. The minimum wage is a legal - minimum price for labor, setting a lower limit on the wage rate employers can pay workers. A price ceiling is a maximum price. An input quota limits the quantity of an input. An effective wage rate is a more general term and not the specific economic concept related to the minimum wage in this context.

Answer:

C. a price floor