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Loraine Loraine
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A minimum wage that is above the equilibrium wage rate
A) increases efficiency within the labor market.
B) increases the quantity of labor demanded.
C) creates a deadweight loss.
D) has no effect on the labor market because it is set above the equilibrium wage rate.
E) None of the above answers is correct.
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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Loraine Author
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10 years ago
Thanks for your help!!
gefa
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This calls for a celebration Person Raising Both Hands in Celebration
Jodias
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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