The Cost of the Mandated Minimum Wage Is Most Likely

Multiple Choice

The cost of the mandated minimum wage is most likely to be borne by the:

A) high income taxpayers who must pay the taxes to finance the program.
B) consumers who purchase the goods produced by unskilled workers.
C) businesses whose profits will fall due to the higher wage rates.
D) government which pays the difference between the equilibrium and the minimum wage.