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If the Minimum Wage Is Set Above the Equilibrium Wage,after

Question 113

Multiple Choice

If the minimum wage is set above the equilibrium wage,after taking into account the resources lost in job search,the firms' surplus ________ and the workers' surplus ________.


A) increases; increases
B) increases; decreases.
C) decreases; increases
D) decreases; decreases
E) does not change; decreases

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