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Many People Argue Against Increasing the Minimum Wage Because They

Question 197

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Many people argue against increasing the minimum wage because they believe the result would be higher unemployment.Which of the following best summarizes this argument?  


A)  A higher minimum wage would increase the supply of labour while decreasing the demand for labour. 
B)  A higher minimum wage would decrease the supply of labour while increasing the demand for labour. 
C)  A higher minimum wage would increase the quantity supplied of labour while decreasing the quantity demanded of labour. 
D)  A higher minimum wage would decrease the quantity supplied of labour while increasing the quantity demanded of labour.

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