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igomit [66]
3 years ago
12

Economics Question: How does a minimum wage cause change in the market? Labor shortage or surplus ?

Social Studies
1 answer:
shusha [124]3 years ago
4 0
A minimum wage would cause a labor shortage, because workers wouldn’t be willing to work for a minimum wage. A surplus refers to is that there is more supply of a product than there is demand for said product.
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In February 2015 the Bureau of Labor Statistics reported an adult population of 250 million, unemployment of 10.4 million, emplo
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labor force participation rate

solution

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