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Loraine Loraine
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If the minimum wage is set above the equilibrium wage, after taking into account the resources lost in job search, the firms' surplus ________ and the workers' surplus ________.
A) increases; increases
B) increases; decreases.
C) decreases; increases
D) decreases; decreases
E) does not change; decreases
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
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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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Thank you, thank you, thank you!
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