Register
How might a law setting minimum wage below the equilibrium point have an unintended effect? A) The effect might be less demand for workers B) The law might result in wages lower than the equilibrium wage
218k views
2 votes
How might a law setting minimum wage below the equilibrium point have an unintended effect?

A) The effect might be less demand for workers
B) The law might result in wages lower than the equilibrium wage
C) The actual wages earned by workers might be higher than the equilibrium
D) The equilibrium point might shift upward in response to the minimum wage law​

User Omar Freewan
by
4.7k points

1 Answer

7 votes

Answer: B) The law might result in wages lower than the equilibrium wage

Step-by-step explanation:

User Peril Ravine
by
4.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.1m questions

6.7m answers

Other Questions

The appellate court system in Georgia was established by what? A. state statute B. U.S. Statute C. Constitutional amendment D. the supreme court​
Need immediate answer! Giving 5 stars and thanks if you're correct. Checking after test! "It's important to judge others by their merits, rather than their appearance." Which passage from the strangers
People who take a "marble cake" view of federalism believe thatstate governments are too weak to meet most citizen needsstate governments are supreme over the national governmentnational and state governments
A conventional mortgage loan is one that is not insured or guaranteed by an agency of the U.S. government. The lender, however, can still pursue a private mortgage insurance (PMI) policy to provide a guarantee
___________________ provides a method of paying for loss or damage if you are involved in a collision. Restitution Insurance The DMV Your car company
Link Copied!