A customer opens a short margin account by selling short 600 shares of XYZ stock at $80 per share and deposits the required marg
in. If the stock declines in value by 25%, the customer's equity in the account will:
1 answer:
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Answer:
there will be a surplus of retail workers in this labor market.
Explanation:
In the attached diagram the scenario is illustrated.
When the minimum wage is above the equilibrium wage it means that the minimum wage is above what employees are willing to pay workers. So employees will be less wiling to pay this amount.
There will be a reduction in the number of available slots for workers.
On the other hand workers will receive higher wage than they expected but since the slots for work are now limited there will be a surplus of labour in the market
