Suppose the Equilibrium Wage Is $10 an Hour

question 78

Multiple Choice

Suppose the equilibrium wage is $10 an hour.A minimum wage is a price ________ and that will change the quantity of employment if it is set at ________ an hour.

• A)floor;$12
• B)ceiling;$12
• C)floor;$8
• D)ceiling;$8
• E)floor;$10

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Foot Size

The dimension or measurement of the foot, typically considered for shoe sizing.

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An unseen or unmeasured variable that influences the association between the independent and dependent variables of interest.

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