question archive If the minimum wage is set above the equilibrium wage, what do we expect to happen? A
If the minimum wage is set above the equilibrium wage, what do we expect to happen? A
Subject:EconomicsPrice:2.88 Bought3
If the minimum wage is set above the equilibrium wage, what do we expect to happen?
A. Wages and unemployment will fall.
B. Wages will rise and unemployment will fall.
C. Wages will fall and unemployment will rise.
D. Wages and unemployment will rise.
E. There will be no effect.
Option 1
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