According to the alternative analysis of the minimum wage,which of the following might lead the demand curve for labor to be vertical over the relevant range?

Question

Quizplus · Accepted Answer

A vertical demand curve for labor implies that the quantity of labor demanded does not change regardless of the wage rate. All the options provided (A, B, C) suggest ways in which firms might absorb higher labor costs without reducing their demand for labor. This could happen through various adjustments like tolerating longer customer wait times, benefiting from increased worker efficiency, or raising prices for goods with inelastic demand. These strategies indicate that the demand for labor might remain unchanged despite wage increases, leading to a vertical demand curve over the relevant range.

According to the Alternative Analysis of the Minimum Wage,which of the Following