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Title: The minimum wage is set above the equilibrium wage rate. Does the minimum wage create inefficiency?A Post by: Loraine on Jun 20, 2015 The minimum wage is set above the equilibrium wage rate. Does the minimum wage create inefficiency?
A) Yes B) No C) Only if the supply of labor is perfectly inelastic D) Only if the supply of labor is perfectly elastic E) Only if employment exceeds the efficient amount Title: Re: The minimum wage is set above the equilibrium wage rate. Does the minimum wage create inefficien Post by: VincenzoD on Aug 2, 2015 Content hidden
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