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    Managerial Economics Study Set 12
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    Exam 3: Demand and Supply
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    Holding All Else Equal, an Increase in the Minimum Wage
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Holding All Else Equal, an Increase in the Minimum Wage

Question 10

Question 10

Multiple Choice

Holding all else equal, an increase in the minimum wage leads to a decrease in:


A) employment.
B) wage rates.
C) worker productivity.
D) inflation.

Correct Answer:

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