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If a Firm Has a Perfectly Inelastic Labor Demand Curve

Question 45

Multiple Choice

If a firm has a perfectly inelastic labor demand curve, then a minimum wage will lead to _____ in the number of workers hired and _____ in the wage of workers.


A) an increase; no change
B) a decrease; no change
C) no change; no change
D) no change; an increase

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