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.
Correct Answer:
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