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Title: Consider a competitive labour market. The likely consequence of a binding minimum wage in this ...
Post by: vlademirsimon on Sep 26, 2022
Consider a competitive labour market. The likely consequence of a binding minimum wage in this labour market is

▸ a higher wage for all individuals.

▸ a labour shortage.

▸ excess demand for workers.

▸ unemployment.

▸ a lower wage for all individuals.


Title: Consider a competitive labour market. The likely consequence of a binding minimum wage in this ...
Post by: armywahine on Sep 26, 2022
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