If the minimum wage exceeds the equilibrium wage,then
A) the quantity demanded of labor will exceed the quantity supplied.
B) the quantity supplied of labor will exceed the quantity demanded.
C) the minimum wage will not be binding.
D) there will be no unemployment.
Correct Answer:
Verified
Q181: The minimum wage
A)is an example of a
Q182: Opponents of the minimum wage point out
Q183: Unlike minimum wage laws,wage subsidies
A)discourage firms from
Q184: Minimum wage laws
A)may encourage some teenagers to
Q185: Which of the following is not correct?
A)The
Q187: The minimum wage has its greatest impact
Q188: Which of the following is correct?
A)Studies of
Q189: Which of the following is not correct?
A)Some
Q190: A minimum wage that is set above
Q191: The minimum wage does not apply to
A)jobs
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