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Hellohi21 Hellohi21
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5 years ago
The equilibrium wage in a local labor market is $10 per hour. If a minimum wage of $15 per hour is imposed, which of the following will occur?
A) There will be an increase in unemployment.
B) There will be an increase in the quantity of labor demanded by firms.
C) There will be a decrease in the quantity of labor supplied by households.
D) All of the above will occur.
Textbook 
InMacro

InMacro


Edition: 1st
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pclimpclim
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#1
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5 years ago
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Hellohi21 Author
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5 years ago
Thanks for your help!!
kevin12323h
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Yesterday
Smart ... Thanks!
wyq2651
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2 hours ago
Thanks
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