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Loraine Loraine
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8 years ago
The minimum wage is set above the equilibrium wage rate. Does the minimum wage create inefficiency?
A) Yes
B) No
C) Only if the supply of labor is perfectly inelastic
D) Only if the supply of labor is perfectly elastic
E) Only if employment exceeds the efficient amount
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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8 years ago
Just got PERFECT on my quiz
MLynneMcMillan
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Yesterday
Correct Slight Smile TY
jaray75
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2 hours ago
Thanks
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