If an increase in the minimum wage leads to higher aggregate earnings by the workers affected,then the own-wage elasticity of demand is
A) elastic.
B) inelastic.
C) of unit elasticity.
D) uncertain; more information is needed.
Correct Answer:
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Q1: Other things equal,which of the following will
Q2: If two inputs are gross complements,the cross-wage
Q4: The short run own-wage labor demand elasticity
A)
Q5: Other things equal,an elastic demand for an
Q6: If the own-wage elasticity of demand for
Q7: Own-wage elasticity of labor demand tends to
A)
Q8: Moving from the upper to the lower
Q9: Cross wage elasticities of demand are
A) always
Q10: If labor is a small percentage of
Q11: Empirical estimates of the short-run employment effects
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