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When a Minimum Wage Is Introduced ________ the Equilibrium Wage

Question 109

Multiple Choice

When a minimum wage is introduced ________ the equilibrium wage rate,the quantity of labor demanded ________ and the quantity of labor supplied ________,thus creating unemployment.


A) above; increases; decreases
B) below; increases; decreases
C) above; decreases; increases
D) above; decreases; decreases
E) below; decreases; decreases

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