3 years ago

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

1 answer:

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.

You might be interested in

What are the three essential chemical elements in the biosphere?

statuscvo [17]

Answer:

hydrogen carbon oxygen nitrogen

Explanation:

8 0

4 years ago

How are males and females represented on a pedigree?

makvit [3.9K]

Females are represented with circles, and males are represented with squares.

5 0

3 years ago

When at the price of Rs 5 per unit of a commodity, A's demand is for 11 units, B's demand is for 14 units and C's demand is for

Radda [10]

Answer:

33 units

Explanation:

As mention in the given question

A's demand =11 units

B's demand =14 units

C's demand = 8 units

$The\ market\ demand\ is\ determined\ by\ the\ =\ A's\ demand\ + \ B's\ demand + \ C's\ demand$

$The\ market\ demand\ is\ determined\ by\ the\ =11 units\ + 14 units\ +\ 8 units\\=\ 33\ units$

Therefore 33 units is the market demand

4 0

3 years ago

If you were the chairperson/mayor of the municipality ,what would you do to make your local authority corruption free? Mention y

hoa [83]

Answer:

boycott corrupted people

6 0

3 years ago

Helppppppppppppppppppppppppppppppppppppp

klemol [59]

Answer:

The answer is A.

Explanation:

7 0

3 years ago

Read 2 more answers