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Author Question: Why do some workers lose their job when the minimum wage is increased? (Read 49 times)

Davideckstein7

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on: May 24, 2019
Why do some workers lose their job when the minimum wage is increased?
◦ The increase in labor costs decreases the supply of the product, thereby raising the price of the good so that the equilibrium quantity decreases to zero.
◦ The increase in the minimum wage decreases the quantity of labor demanded.
◦ The demand for labor is perfectly inelastic.
◦ The supply of labor decreases.
◦ The demand for labor is perfectly elastic.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by Davideckstein7 on May 24, 2019

aloop

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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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Davideckstein7

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Reply 2 on: May 24, 2019
Thanks for the timely response, appreciate it

chjcharjto14

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

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