The Cost of the Mandated Minimum Wage Is Most Likely

question 13

Multiple Choice

The cost of the mandated minimum wage is most likely to be borne by the:

• A)high income taxpayers who must pay the taxes to finance the program.
• B)consumers who purchase the goods produced by unskilled workers.
• C)businesses whose profits will fall due to the higher wage rates.
• D)government which pays the difference between the equilibrium and the minimum wage.