Price floor
minimum wage
Optional. Pre-Socialism. Bottom limit, lower limit, price floor (stole that from the guy who answered it right!)
Price ceiling
the law of supply states that price and quantity supplied are
It is 21, with exceptions as provided by state law.
It's not allowed. It is a violation of vehicle safety regulations. If you'd get caught out in rain they'd hydroplane real easily, that's why the law require a certain minimum tread depth.
wage
Generally, anyone who can afford the purchase price in those areas where private ownership of real estate is allowed by law.
they were not allowed to practice law
It means that the lowest price at which a seller will sell property or goods is not neccessarily the price that he will charge the buyer making such an enquiry.
There is one federal minimum wage law. Most states also have a separate minimum wage law than the federal, which might be higher.
Louisiana, Mississippi, Alabama, South Carolina, and Tennessee do not have minimum wage laws. This does not mean they do not have minimum wages because there is a federal minimum wage that these states must still enforce. States can only choose to have higher minimum wages than the federal law or have no specific law at all and enforce the federal law.