Multiple Choice
Workers at a bicycle assembly plant currently make minimum wage.If the provincial government increases the minimum wage by $1.00 an hour,what will likely happen
A) Demand for bicycle assembly workers will increase.
B) Supply of bicycles will shift to the right.
C) Supply of bicycles will shift to the left.
D) The firm must increase output to maintain profit levels.
Correct Answer:
Verified
Correct Answer:
Verified
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