Question

Based on what you've read, what seems to be the overall result of government laws on wages?

A. Decreased supply of labor, lower wages
B. Reduced supply of labor, higher wages
C. Increased supply of labor, higher wages
D. Increased supply of labor, lower wages

Answer 1

Reduced supply of labor, higher wages

Step-by-step explanation:

Answer 2

the one that seems to be the overall result of government laws on wages is: B. Reduced supply of labor, higher wages

The government laws on wages created a MINIMUM WAGE that must be met by the company in order to employ a person.
the creation if minimum wage increased the average wage for the people, but it the same time will cause companies to do cut-back because they do not have the equity to hire more people