Let's say that the prevailing wage rate is $15.  You(the Queen or King) are thinking of proposing a minimum wage of $20 or $10. a) Is the $20 proposal a price ceiling or floor?  Is the $10 proposal a price ceiling or floor?  b)Who is the buyer and seller?  (demand curve, supply curve)? c)What would be the result of both policies.    i.e.would this result in a surplus or shortage, and what would you call this

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