The Deadweight Loss Associated with a Minimum Wage Occurs Because

The deadweight loss associated with a minimum wage occurs because

A) the minimum wage increases the quantity of labor demanded.
B) the minimum wage decreases the quantity of labor supplied.
C) the minimum wage falls below the equilibrium wage.
D) employment after the minimum wage is less than employment at equilibrium and so the marginal benefit of more work exceeds the marginal cost.
E) the minimum wage creates a shortage of labor because firms hire fewer workers.