A 10 per cent increase in the minimum wage is more likely to raise unemployment among teenage workers than among mid-career professional workers
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Q10: The ultimate burden of a tax falls
Q11: Which side of the market is more
Q12: If the equilibrium price of petrol is
Q13: A tax creates a tax wedge between
Q14: A tax collected from buyers has an
Q16: A price floor
A) always determines the price
Q17: A binding price ceiling creates
A) a shortage
Q18: A price ceiling set below the equilibrium
Q19: A subsidy given to suppliers has the
Q20: If the equilibrium price of bread is
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