Examlex
Minimum-wage laws are the only valid explanation for why so many young people are unemployed.
Supply Decreases
A condition in the market where the quantity of a product or service available for sale declines, which can lead to higher prices.
Quantity Supplied
is the amount of a good or service that producers are willing and able to sell at a given price over a specified period of time.
Supply Increased
A situation in which the quantity of a good or service that producers are willing and able to offer for sale rises, possibly leading to lower prices.
Demand Increased
A situation where the desire or need for a product or service rises, leading to potentially higher prices and/or increased production.
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