Economists argue that the minimum wage may result in:
A) more bargaining power for unskilled workers.
B) zero impact if the minimum wage is above the market-clearing price.
C) a shortage of workers.
D) a more equal income distribution and is worth the loss of some jobs.
Correct Answer:
Verified
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A) the quantity supplied
Q58: A minimum wage results in:
A) market equilibrium.
B)
Q59: Narrbegin Exhibit 4.5 Supply and demand
Q60: Narrbegin Exhibit 4.5 Supply and demand
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