If a minimum wage is set at W,what will happen to employment in the monopsonistic labor market shown in the diagram above?
A) Employment will decrease.
B) Employment will increase.
C) Employment will stay the same.
D) Employment may increase but usually it tends to stay the same.

Question

If a minimum wage is set at W,what will happen to employment in the monopsonistic labor market shown in the diagram above?
A) Employment will decrease. 
B) Employment will increase. 
C) Employment will stay the same. 
D) Employment may increase but usually it tends to stay the same.

Quizplus · Accepted Answer

The Answer of  If a minimum wage is set at W,what will happen to employment in the monopsonistic labor market shown in the diagram above?
A) Employment will decrease. 
B) Employment will increase. 
C) Employment will stay the same. 
D) Employment may increase but usually it tends to stay the same.

If a Minimum Wage Is Set at W,what Will Happen