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Title: When government sets the hourly minimum wage at $8, 4,000 workers are unemployed. Suppose the demand ... Post by: Tragamin on Dec 28, 2017 When government sets the hourly minimum wage at $8, 4,000 workers are unemployed. Suppose the demand for labour increases so that quantity supplied equals quantity demanded of labour at a $10 wage. The new equilibrium wage rate is
A) $10 and there is no unemployment. B) $10 and there is a surplus of labour. C) $8 and there is a surplus of labour. D) $8 and there is no unemployment. E) $8 and there is unemployment. Title: Re: When government sets the hourly minimum wage at $8, 4,000 workers are unemployed. Suppose the ... Post by: Aryan on Dec 28, 2017 Content hidden
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