Is it possible that a regulation like the minimum wage, which is specifically designed to help low-income

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Is it possible that a regulation like the minimum wage, which is specifically designed to help low-income people, could actually reduce their income? If so, under what supply and demand conditions might this happen?

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Microeconomics

ISBN: 9781464146978

1st Edition

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

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Question Posted: Jan 13, 2016 02:28 AM

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Is it possible that a regulation like the minimum wage, which is specifically designed to help low-income

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Microeconomics

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