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Sublight2097 Sublight2097
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Posts: 4132
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8 years ago
If skilled and unskilled labor are substitutes, then an increased minimum wage would tend to
A) reduce the demand for both unskilled and skilled workers.
B) reduce the quantity demanded of unskilled workers and increase the demand for skilled workers.
C) reduce the demand for unskilled workers and increase the quantity demanded of unskilled workers.
D) reduce the quantity demanded for both unskilled and skilled workers.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
I've noticed they use a lot of trickery with their questions. Thank you for your input.
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#3
8 years ago
Happy to help, let me know if you have any more requests.
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