The number of unskilled workers employed before and after a change in the minimum wage is found to be the same.This means
A) the minimum wage change did not affect the labor market.
B) nothing, unless we know that the number of hours worked by each worker has not changed.
C) the minimum wage could be below the equilibrium value for unskilled labor.
D) either b or c
E) none of the above
Correct Answer:
Verified
Q46: Exhibit 4-7 Q47: If the minimum wage law sets a Q48: If the absolute price of a computer Q50: If the absolute price of a new
![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents