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Author Question: A binding minimum wage established by the government (Read 98 times)

lol1012

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on: Oct 12, 2022
A binding minimum wage established by the government
◦ will affect adversely only those workers whose value of productivity is greater than this minimum wage.
◦ will have no effect on the quantity of labour employed.
◦ is essentially a price ceiling that creates a shortage of workers.
◦ is a price floor that will create a surplus of workers if the labour market is competitive.
◦ will be effective only if the minimum wage is set below the free-market equilibrium wage.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by lol1012 on Oct 12, 2022

Tussalpain

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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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lol1012

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

Sarahjh

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

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