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Author Question: If a minimum wage is introduced that is above the equilibrium wage rate, (Read 41 times)

wenmo

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on: May 24, 2019
If a minimum wage is introduced that is above the equilibrium wage rate,
◦ the quantity of labor demanded increases.
◦ job search activity increases.
◦ the supply of labor increases and the supply of labor curve shifts rightward.
◦ unemployment decreases because more workers accept jobs at the higher minimum wage rate.
◦ the quantity of labor supplied decreases because of the increase in unemployment.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by wenmo on May 24, 2019

ms_sulzle

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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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wenmo

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Reply #2 on: May 24, 2019
Excellent


ms_sulzle

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Reply #3 on: May 24, 2019
Great! Please up vote :D


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