Jamuel4486 Jamuel4486

11-03-2024
Business

contestada

If the minimum wage is set above the market-determined clearing wage, the
a. quantity of labor demanded will be greater than the quantity of labor supplied.
b. minimum wage will generate a shortage of unskilled workers.
c. unemployment rate will be higher than it would be without a minimum wage.
d. I don't know yet.

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