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If congress increases the minimum wage to $7.25 per hour, what happens to the demand for consumer goods as a result?

If congress increases the minimum wage to $7.25 per hour, what happens to the demand for consumer goods as a result?
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If congress increases the minimum wage to $7.25 per hour, what happens to the demand for consumer goods as a result?

User Tijagi
by
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2 Answers

4 votes

Answer:

Increases

Step-by-step explanation:

direct proportion

User Adamclerk
by
8.5k points
3 votes

Demand for consumer goods INCREASES.

User Poupou
by
8.3k points
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