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Title: If the equilibrium wage in a competitive labour market is $14 per hour, and the government raises ... Post by: jared8mp on Sep 26, 2022 If the equilibrium wage in a competitive labour market is $14 per hour, and the government raises the minimum wage from $11 to $12 per hour, what will be the effect in this market?
▸ Unemployment will decrease. ▸ The average wage paid to workers will increase. ▸ The level of employment will decrease. ▸ Unemployment will increase. ▸ There will be no effect on employment. Title: If the equilibrium wage in a competitive labour market is $14 per hour, and the government raises ... Post by: mouallemj on Sep 26, 2022 Content hidden
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