The alternative analysis of the minimum wage indicates that which of the following may be true?

Question

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The alternative analysis suggests that all the given options could be true under certain conditions: A) The demand curve for labor could be inelastic (vertical) if employers cannot easily substitute other inputs for labor. B) The supply curve for labor could be inelastic (vertical) over a relevant range if workers have few alternative employment options. C) There could be only a very slight unemployment effect of a minimum wage if the labor market does not respond significantly to wage changes, possibly due to inelastic demand or supply.

The Alternative Analysis of the Minimum Wage Indicates That Which