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Author Question: In a competitive labor market, a minimum wage law set above the equilibrium wage rate (Read 225 times)

xclash

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on: May 24, 2019
In a competitive labor market, a minimum wage law set above the equilibrium wage rate
◦ creates a shortage of labor.
◦ causes equality between the quantity of labor supplied and the quantity demanded.
◦ creates a surplus of labor.
◦ lowers the wage rate paid to workers.
◦ has no impact.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by xclash on May 24, 2019

abro1885

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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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xclash

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Reply #2 on: May 24, 2019
Excellent


abro1885

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


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