A minimum wage that is set below a market's equilibrium wage will
A) result in an excess demand for labor,that is,unemployment.
B) result in an excess demand for labor,that is,a shortage of workers.
C) result in an excess supply of labor,that is,unemployment.
D) have no impact on employment.
Correct Answer:
Verified
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
Q192: The minimum wage,if it is binding,raises the
Q193: A binding minimum wage tends to
A)cause a
Q195: There are several criticisms of the minimum
Q196: The proportion of minimum-wage earners who are
Q197: Studies of the effects of the minimum
Q198: The minimum wage,if it is binding,lowers the
Q199: A binding minimum wage
A)alters both the quantity
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