If an Increase in the Government-Imposed Minimum Wage Pushes the Price

question 169

Multiple Choice

If an increase in the government-imposed minimum wage pushes the price (wage) of unskilled labor above market equilibrium, which of the following will most likely occur in the unskilled labor market?

• A) an increase in demand for unskilled labor
• B) a decrease in the supply of unskilled labor
• C) a shortage of unskilled labor
• D) a surplus of unskilled labor

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