Minimum Wage Laws Create Unemployment for Low-Skilled Workers Because the Legal

Multiple Choice

Minimum wage laws create unemployment for low-skilled workers because the legal minimum wage is set

A) above the market wage, causing the quantity of labour supplied to be greater than the quantity of labour demanded.
B) below the market wage, causing the quantity of labour supplied to be greater than the quantity of labour demanded.
C) above the market wage, causing the quantity of labour supplied to be less than the quantity of labour demanded.
D) below the market wage, causing the quantity of labour supplied to be less than the quantity of labour demanded.