-To Be Effective in Raising People's Wages, a Minimum Wage

Multiple Choice

-To be effective in raising people's wages, a minimum wage must be set

A) equal to the equilibrium wage rate.
B) below the equilibrium wage rate.
C) below $7.
D) above the equilibrium wage rate.
E) either above or below the equilibrium wage depending on whether the supply curve of labour shifts rightward or leftward in response to the minimum wage.