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Arada [10]
3 years ago
6

Minimum-wage laws can keep wagesa.a) above equilibrium and cause a surplus of labor.b) above equilibrium and cause a shortage of

labor.c) below equilibrium and cause a surplus of labor.d) below equilibrium and cause a shortage of labor.
Business
1 answer:
Airida [17]3 years ago
4 0

Answer:

The correct answer is option a.

Explanation:

Minimum wages can be defined as the minimum level of wages that an employer is supposed to pay to workers for their work. It cannot be reduced through an individual contract or collective agreement.  

Minimum wages are fixed above the equilibrium level of wages. At this level, the demand for labor is lower while supply is more because of high wages. This creates surplus labor in the market.  

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DedPeter [7]
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I hope the answer will help you. 
7 0
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Cups of coffee of milk tea are substitutes. assume both have in elastic demand. Suppose exceptionally good weather increases the
nata0808 [166]

Answer:

In that situation, the demand of the Milk tea will fall.

Explanation:

In businesses subtitles are the type of products that serve a similar purpose but generally less favorable. You use substitutes as a second product when you somehow cannot use the first/main product.

In the example above,

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8 0
2 years ago
What is the difference between income and cash flow?
Deffense [45]
Its B. or C. 
                    If you have any other questions, please contact me on Brainly.com and I will be happy to answer. 
                -Diane.
3 0
3 years ago
From 1973 through​ 2016, the rise in the British price level relative to the U.S. price level is​ ____ with a rise in the value
babunello [35]

Answer:

the available options for this question are,

A. associated; does not

B. associated; also does

C. not associated; does

and the correct answer is option B. associated; also does.

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Explanation:

8 0
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KengaRu [80]

Answer:

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Explanation:

7 0
1 year ago
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