Question: I need explanation. How does minimum wage affect supply and demand? How are supply and demand seen through gift giving? Is gift giving economically efficient?

I need explanation. How does minimum wage affect supply and demand? How are supply and demand seen through gift giving? Is gift giving economically efficient? Why are people motivated to buy during sales events? How can you see the forces of supply and demand present during the Christmas Shopping Season? Are there certain items that the price should be set by the government as opposed to the producer? Is a home internet connection as vital as water, electricity, and sewer

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