An increase in the minimum wage will not affect the supply of goods such as McDonald's hamburgers.

Name: An increase in the minimum wage will not affect the supply of goods such as McDonald's hamburgers.
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Question

Quizplus · Accepted Answer

An increase in the minimum wage will lead to an increase in the cost of production for fast food chains like McDonald's, which could result in either an increase in the prices of their products or a decrease in their profit margins. Therefore, there could be an impact on the supply of goods.

An Increase in the Minimum Wage Will Not Affect the Supply