At a Minimum Wage That Exceeds the Equilibrium Wage

question 167

Multiple Choice

At a minimum wage that exceeds the equilibrium wage,

• A)the quantity demanded of labor will exceed the quantity supplied.
• B)the quantity supplied of labor will exceed the quantity demanded.
• C)the minimum wage will not be binding.
• D)the market for skilled workers is affected, but the market for unskilled workers remains unaffected.

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Definitions:

Dominant Element

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Power

The ability or capacity to influence or control the behavior of others or the course of events.

Harassment

Unwanted behavior that offends, humiliates, or intimidates a person, often seen in social, work, or educational environments.

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