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Because minimum wage is a price floor

Tidy

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8 years ago

Because minimum wage is a price floor

Because minimum wage is a price floor
A) it will be set below the market equilibrium price.
B) it will create a deadweight loss.
C) it will increase the number of jobs available in the labor market.
D) it will maximize consumer surplus.

Textbook

Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

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Sydnie

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#1

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Tidy Author

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8 years ago

Good timing, thanks!

gage

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Yesterday

You make an excellent tutor!

taydav

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2 hours ago

Thank you, thank you, thank you!

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