This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a minimum wage is introduced that is above the equilibrium wage rate, (Read 51 times)

wenmo

  • Hero Member
  • *****
  • Posts: 540
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by wenmo on May 24, 2019

ms_sulzle

  • Sr. Member
  • ****
  • Posts: 320
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.
Answer Preview
Only 56% of students answer this correctly


wenmo

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: May 24, 2019
Excellent


ms_sulzle

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: May 24, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Relationship between fruit radius and beak length in populations of native and introduced species of Relationship between fruit radius and beak length in populations of native and introduced species of
Rate enhancement by entropy reduction Rate enhancement by entropy reduction
How an Increase in Income Inequality Affects the Desired Tax Rate How an Increase in Income Inequality Affects the Desired Tax Rate
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
How wide must a narrow slit be if the first diffraction minimum occurs at 12 with laser light ... How wide must a narrow slit be if the first diffraction minimum occurs at 12 with laser light ...
Compute the rate of discount allowed on a rontor -tiller that lists for K 341 and is sold for K ... Compute the rate of discount allowed on a rontor -tiller that lists for K 341 and is sold for K ...
Video: Action potentials - electrical characteristics and generation

For a complete list of videos, visit our video library