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vanessavz vanessavz
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10 months ago

If the minimum wage law sets a wage floor below the equilibrium wage in the market for unskilled labor, then the



minimum wage will create a surplus of unskilled labor.



minimum wage will create a shortage of unskilled labor.



minimum wage will not impact the unskilled labor market.



unskilled labor market will change, but we cannot be certain how.

Textbook 
Economics

Economics


Edition: 12th
Author:
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ahgoebelahgoebel
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10 months ago
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vanessavz Author
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10 months ago
this is exactly what I needed
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Thanks
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2 hours ago
You make an excellent tutor!
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