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Answer:
Suppose a bill is passed to make minimum hourly wage as $7.50, the implications would be that:
-If the minimum wage is set at $10.50, the market will not reach equilibrium.
-In the absence of price controls, a shortage puts upward pressure on wages until they rise to the equilibrium.
Therefore only the two above listed statements would be TRUE.
<span>An dynamic character!</span>
After the collapse the Pope became isolated in rome and bishops started to operate on their own. It also resulted in a combination of secular and ecclesiastical activities and often the secular ones gained an upper hand.
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