Biology Forums - Study Force

Other Fields Homework Help Economics Topic started by: Skizzle234 on Jul 22, 2019



Title: Suppose that studies show that a ten percent increase in the minimum wage decreases the number of ...
Post by: Skizzle234 on Jul 22, 2019
Suppose that studies show that a ten percent increase in the minimum wage decreases the number of minimum wage jobs by one percent. That would be the case if:

▸ supply of labor is elastic.

▸ supply of labor is inelastic.

▸ demand for labor is inelastic.

▸ demand for labor is elastic.


Title: Suppose that studies show that a ten percent increase in the minimum wage decreases the number of ...
Post by: krobdance on Jul 22, 2019
Content hidden