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Author Question: If a minimum wage is set above the free-market equilibrium wage in a competitive labour market, the ... (Read 125 times)

Aimless0988

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on: Oct 12, 2022

Question 1

A legislated minimum wage is comparable to
◦ bilateral monopoly.
◦ a price ceiling.
◦ a price floor.
◦ a hidden-market price.
◦ a rent control.

Question 2

If a minimum wage is set above the free-market equilibrium wage in a competitive labour market, the labour market will experience an increase in wages and
◦ employment will decrease.
◦ employment will increase.
◦ employment will remain the same.
◦ there is an unpredictable effect on employment.
◦ there will be no unemployment.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Aimless0988 on Oct 12, 2022

ekattan2

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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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Aimless0988

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

shailee

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Reply 3 on: Yesterday
Wow, this really help

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