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JZ240 JZ240
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2 years ago
If a minimum wage is set above the free-market equilibrium wage in a competitive labour market, the labour market will experience an increase in wages and

▸ employment will decrease.

▸ employment will increase.

▸ employment will remain the same.

▸ there is an unpredictable effect on employment.

▸ there will be no unemployment.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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ydnam23ydnam23
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2 years ago
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