A minimum wage that is set below a market's equilibrium wage will result in
A) an excess demand for labor,that is,unemployment.
B) an excess demand for labor,that is,a shortage of workers.
C) an excess supply of labor,that is,unemployment.
D) None of the above is correct.
Correct Answer:
Verified
Q136: Table 6-1 Q187: The minimum wage has its greatest impact Q189: Which of the following is not correct? Q200: Advocates of the minimum wage Q213: Which of the following is correct? Q233: A binding minimum wage Q234: The U.S.minimum wage according to federal law Q239: The minimum wage,if it is binding,lowers the Q241: Table 6-2 Q273: Which of the following is correct?
A)Some
A)deny that the
A)Workers determine
A) alters both the
A)Rent control
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