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    Principles of Microeconomics
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    Exam 15: Wage Rates in Competitive Labor Markets
  5. Question
    Will the Imposing of a Minimum Wage Lead to a Larger
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Will the Imposing of a Minimum Wage Lead to a Larger

Question 73

Question 73

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Will the imposing of a minimum wage lead to a larger increase in the unemployment rate if the laborsupply curve is relatively price elastic or relatively price inelastic?

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