(Last Word) If the Minimum Wage in the Restaurant Industry

(Last Word) If the minimum wage in the restaurant industry increases over time, eventually we would expect

A) the restaurant industry to expand as higher wages drive up demand.
B) there to be fewer of all types of restaurants, but no change in the proportion of mom and pop restaurants relative to chain restaurants.
C) the ratio of mom and pop restaurants to highly capitalized chain restaurants to increase.
D) the ratio of highly capitalized chain restaurants to mom and pop restaurants to increase.

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