If a Fast Food Restaurant Was One of Many Hiring

Multiple Choice

If a fast food restaurant was one of many hiring workers, the minimum wage was $7.25 an hour and it was paying $7.25 an hour. Suppose the economy slides into recession such that the new equilibrium wage was $6.50 per hour. This would cause them to

A) lower their offering wage to $6.50 an hour.
B) raise their offering wage to $9.00 an hour.
C) do nothing differently.
D) pay between $7.25 and $9.00.