An increase in the minimum wage will not affect the supply of hamburgers sold by McDonald's, which hires workers mostly at the minimum wage rate.
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Q92: List four factors that affect willingness to
Q93: All else being equal, if there is
Q94: What is the difference between an increase
Q95: Equilibrium prices are determined by
A)supply alone.
B)demand alone.
C)both
Q96: What is the underlying cause of the
Q98: An increase in production costs shifts the
Q99: Market equilibrium occurs when the
A)quantity supplied equals
Q100: Market equilibrium is determined by
A)the producers in
Q101: If there is a surplus of a
Q102: Exhibit 3-1 
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