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-A Minimum Wage That Is Above the Equilibrium Wage Rate

Question 5

Multiple Choice

-A minimum wage that is above the equilibrium wage rate A) increases efficiency within the labour market. B) creates a deadweight loss. C) increases the quantity of labour demanded. D) has no effect on the labour market because it is set above the equilibrium wage rate. E) None of the above answers is correct.
-A minimum wage that is above the equilibrium wage rate


A) increases efficiency within the labour market.
B) creates a deadweight loss.
C) increases the quantity of labour demanded.
D) has no effect on the labour market because it is set above the equilibrium wage rate.
E) None of the above answers is correct.

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