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Author Question: Suppose the current equilibrium wage rate for lifeguards in Houston is $7.85 an hour. A minimum wage ... (Read 64 times)

wrbasek0

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on: May 24, 2019
Suppose the current equilibrium wage rate for lifeguards in Houston is $7.85 an hour. A minimum wage law that creates a price floor of $8.50 an hour leads to
◦ a surplus of lifeguards in Houston.
◦ a shortage of lifeguards in Houston.
◦ no changes in the lifeguard market.
◦ a change in the quantity of lifeguards supplied but no change in the quantity of lifeguards demanded.
◦ an increase in the number of lifeguards employed.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by wrbasek0 on May 24, 2019

shaikhs

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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wrbasek0

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

matt95

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Reply 3 on: Yesterday
Wow, this really help

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