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Suppose the Current Equilibrium Wage Rate for Housekeepers Is $8

Question 29

Multiple Choice

Suppose the current equilibrium wage rate for housekeepers is $8.60 per hour. An increase in the minimum wage to $7.50 per hour leads to


A) a shortage of housekeepers.
B) a surplus of housekeepers.
C) no change in the market for housekeepers.
D) an increase in the quantity of housekeepers supplied.
E) unemployment of housekeepers.

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