A Minimum Wage

question 39

Multiple Choice

A minimum wage

• A) increases all workers' surplus because the wage rate increases.
• B) increases consumer surplus because the price of the good decreases.
• C) decreases the firms' surplus because fewer workers are hired at the higher wage.
• D) increases the firms' surplus and the workers' surplus because it increases the efficiency of the labor market.
• E) None of the above answers is correct.

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