Question

The equilibrium wage for low-skilled workers is a government-imposed minimum wage, the ____ will be the resulting surplus of low-skilled labor.

Answer 1

Answer:

Greater

Explanation:

The equilibrium wage rate can be regarded the rate that balance

demand and supply, in the market. However quantity of employed labor as well as competitive wage rate of market can be known through the balance between supply and the demand of products. It should be noted that The equilibrium wage for low-skilled workers is a government-imposed minimum wage, the greater will be the resulting surplus of low-skilled labor.