Using demandsupply diagrams in the labour market show what it means that there is a minimum wage

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Using demand–supply diagrams in the labour market show what it means that there is a minimum wage but it is not “binding”. Should we have unemployment if it is not binding?

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Statistics for the Behavioral Sciences

ISBN: 978-1111830991

9th edition

Authors: Frederick J Gravetter, Larry B. Wallnau

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Posted Date: Jul 31, 2018 03:38 AM

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Using demandsupply diagrams in the labour market show what it means that there is a minimum wage

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The graph above shows an example of where the minimum wa... View the full answer

Statistics for the Behavioral Sciences

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