If the Equilibrium Wage in the Market for Unskilled Labor

question 49

Multiple Choice

If the equilibrium wage in the market for unskilled labor is $6.00 per hour and the government sets a minimum wage at $7.50 per hour,which of the following will occur?

• A) Some unskilled workers will lose their jobs.
• B) The number of unskilled workers who have jobs will increase.
• C) There will be a shortage of workers in the market for unskilled labor.
• D) The labor demand curve will shift to the left.

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A reduction in the ability to hear sounds, ranging from mild difficulties to total deafness.