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-skill labor supplied
B)a decrease in the quantity of low-skill labor demanded
C)a decrease in teenage unemployment
D)an increase in teenage unemployment

Question

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-skill labor supplied
B)​a decrease in the quantity of low-skill labor demanded
C)​a decrease in teenage unemployment
D)​an increase in teenage unemployment

Quizplus · Accepted Answer

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

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