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Loraine Loraine
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9 years ago
In a competitive labor market, a minimum wage law set above the equilibrium wage rate
A) creates a shortage of labor.
B) causes equality between the quantity of labor supplied and the quantity demanded.
C) creates a surplus of labor.
D) lowers the wage rate paid to workers.
E) has no impact.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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8 years ago
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Loraine Author
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9 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
homework1
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Yesterday
Correct Slight Smile TY
zbmallo3
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2 hours ago
You make an excellent tutor!
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