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Critics of the Minimum Wage Contend That Imposing a Wage

Question 18

Multiple Choice

Critics of the minimum wage contend that imposing a wage higher than the equilibrium wage in a competitive industry would:


A) decrease the number of workers employed in that industry.
B) decrease the quantity of labor supplied to that industry.
C) increase the demand for labor in the industry.
D) increase employment in that industry.

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