-An increase in the minimum wage will tend to cause which of the following to occur?
Definitions:
Technological Advance
The progress in scientific research and development leading to new inventions or improvements in technology that can increase productivity and economic growth.
Demand
The willingness and ability of consumers to purchase goods and services at various prices during a certain period.
Ice Cream Cones
A sweet, frozen dessert typically made with dairy products and served in a cone, popular in many cultures around the world.
Demand
The capacity of consumers to purchase goods or services at a range of prices within a given time interval, reflecting their willingness and financial ability.
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