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What Results When the Minimum Wage Is Above the Equilibrium

Question 248

Multiple Choice

What results when the minimum wage is above the equilibrium wage


A) The quantity demanded of labour will be greater than the quantity supplied.
B) The quantity demanded of labour will equal to the quantity supplied.
C) The quantity demanded of labour will be less than the quantity supplied.
D) Anyone who wants a job at the minimum wage can find one.

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