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Other Fields Homework Help Economics Topic started by: Loraine on Jun 20, 2015



Title: To be effective in raising people's wages, a minimum wage must be set
Post by: Loraine on Jun 20, 2015
To be effective in raising people's wages, a minimum wage must be set
A) above the equilibrium wage rate.
B) below the equilibrium wage rate.
C) equal to the equilibrium wage rate.
D) below $7.
E) either above or below the equilibrium wage depending on whether the supply curve of labor shifts rightward or leftward in response to the minimum wage.


Title: Re: To be effective in raising people's wages, a minimum wage must be set
Post by: Sydnie on Aug 4, 2015
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