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3 years ago

One effect of a minimum wage in the market for low-skilled labor is a a. surplus of low-skilled labor.

Business

1 answer:

fgiga [73]3 years ago

6 0

Answer:

a a. surplus of low-skilled labor.

Explanation:

Minimum wage is a form of price floor. A price floor is the minimum price that a good or service can be bought.

Price floors (minimum wage ) is usually set above equilibrium price. This increases the supply of labour but decreases the demand for Labour. As a result , there would be a surplus of low skilled labour.

I hope my answer helps you

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vova2212 [387]

Answer:

Explanation:

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Fixed cost ($11,800)

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