Which of the following is not likely to result from an increase in the federal minimum wage?
A) an increase in the quantity of low-skilled labor supplied
B) a decrease in the quantity of low-skilled labor demanded
C) a decrease in teenage unemployment
D) an increase in teenage unemployment

Question

Quizplus · Accepted Answer

An increase in the federal minimum wage is likely to lead to a decrease in the quantity of low-skilled labor demanded and an increase in the quantity of low-skilled labor supplied, potentially resulting in higher teenage unemployment, not a decrease.

Which of the Following Is Not Likely to Result from an Increase