A minimum wage that is set above a market's equilibrium wage will result in an excess
A) demand for labor,that is,unemployment.
B) demand for labor,that is,a shortage of workers.
C) supply of labor,that is,unemployment.
D) supply of labor,that is,a shortage of workers.
Correct Answer:
Verified
Q185: Which of the following is not correct?
A)The
Q186: If the minimum wage exceeds the equilibrium
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
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
Q194: A minimum wage that is set below
Q195: There are several criticisms of the minimum
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