An Increase in the Minimum Wage

question 25

Multiple Choice

An increase in the minimum wage

• A)increases both the quantity demanded and the quantity supplied of labor.
• B)decreases both the quantity demanded and the quantity supplied of labor.
• C)increases the quantity of labor demanded but decreases the quantity of labor supplied.
• D)decreases the quantity of labor demanded but increases the quantity of labor supplied.

---

Definitions:

Marketing Manager

A professional responsible for planning, developing, and executing marketing strategies to generate consumer interest and meet company goals.

Structured Analysis

A method of systems analysis that uses a disciplined and systematic approach to identify the requirements for computing systems.

Environmental Analysis

The process by which a company identifies and assesses external environmental factors that could affect its operations, performance, or strategy.

Artificial Intelligence

The simulation of human intelligence in machines that are programmed to think and learn like humans.