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What Results When the Minimum Wage Is Above the Equilibrium

Question 80

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What results when the minimum wage is above the equilibrium wage

What results when the minimum wage is above the equilibrium wage


A) The quantity demanded of labour will be greater than the quantity supplied.
B) The quantity demanded of labour will equal to the quantity supplied.
C) The quantity demanded of labour will be less than the quantity supplied.
D) Anyone who wants a job at the minimum wage can find one.

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