If the demand for labor is inelastic then a. Any unemployment caused by raising the minimum wage

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If the demand for labor is inelastic then

a. Any unemployment caused by raising the minimum wage is less than if demand were elastic.

b. Any unemployment caused by raising the minimum wage is the same as if demand were elastic.

c. Any unemployment caused by raising the minimum wage is more than if demand were elastic.

d. There will be no change in unemployment by raising the minimum wage.

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Introduction To Economics Social Issues And Economic Thinking

ISBN: 9780470574782

1st Edition

Authors: Wendy A. Stock

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Question Posted: Oct 28, 2023 08:37 AM

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If the demand for labor is inelastic then a. Any unemployment caused by raising the minimum wage

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Introduction To Economics Social Issues And Economic Thinking

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