A minimum wage results in:
A)market equilibrium.
B)increased demand for workers.
C)unemployment.
D)a shortage of workers.

Name: A minimum wage results in: A)market equilibrium. B)increased demand for workers. C)unemployment. D)a shortage of workers.
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Question

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Setting a minimum wage above the market equilibrium wage rate can cause unemployment as it leads to a surplus of workers looking for jobs while some employers are less willing or able to hire at the higher wage rate.

A Minimum Wage Results In