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If an Increase in the Government-Imposed Minimum Wage Pushes the Price

Question 169

Multiple Choice

If an increase in the government-imposed minimum wage pushes the price (wage) of unskilled labor above market equilibrium, which of the following will most likely occur in the unskilled labor market?


A) an increase in demand for unskilled labor
B) a decrease in the supply of unskilled labor
C) a shortage of unskilled labor
D) a surplus of unskilled labor

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