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Home Q & A Board Other Fields Homework Help Business Economics
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thanhha78 thanhha78
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6 years ago
Suppose that a labor market is initially in equilibrium. If the minimum wage is set above the initial equilibrium wage rate,
A) the labor supply curve will shift to the right.
B) all workers in the labor market will be better off, receiving a higher wage per hour.
C) the quantity demanded of labor will decrease along the given labor demand curve.
D) all of the above
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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thanhha78 Author
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#2
6 years ago
can't thank you enough for this, appreciate it a lot
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