The unemployment of some groups, such as low-skill workers, may increase as a result of the imposition of a minimum wage.
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Q57: At equilibrium, the market will clear, with
Q58: A surplus occurs when price is higher
Q59: Any factor that shifts the supply curve
Q60: When price is above the equilibrium level,
Q61: Rent controls and controls on other prices
Q63: Rent controls are designed to protect consumers
Q64: Price supports are a form of price
Q65: A price ceiling is only effective if
Q66: Enacting a law controlling rents near a
Q67: Price ceilings are designed to protect sellers,
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