 Maximum price that something can have  Usually government controlled  Gas (post crisis)  Rent (rent control in New York City and other areas)  Pay.

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Presentation transcript:

 Maximum price that something can have  Usually government controlled  Gas (post crisis)  Rent (rent control in New York City and other areas)  Pay to play (family max in some school districts)

 Minimum price that something can have  Government will control  Minimum wage is probably one of the best examples  Why do we have a minimum wage?

 Ohio Minimum Wage 2012: $7.70/hour  Federal Minimum Wage 2012: $7.25/hour  Tipped Employee Ohio Minimum Wage 2012: $3.85/hour plus tips

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