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Author Question: If the equilibrium wage in a competitive labour market is $14 per hour, and the government raises ... (Read 66 times)

kaitlynndavis

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on: Oct 12, 2022
If the equilibrium wage in a competitive labour market is $14 per hour, and the government raises the minimum wage from $11 to $12 per hour, what will be the effect in this market?
◦ Unemployment will decrease.
◦ The average wage paid to workers will increase.
◦ The level of employment will decrease.
◦ Unemployment will increase.
◦ There will be no effect on employment.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by kaitlynndavis on Oct 12, 2022

Tester

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Reply #1 on: Oct 12, 2022
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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kaitlynndavis

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

sailorcrescent

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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