Assume the Malaysian government has introduced a minimum wage for workers producing computers, but not for...
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Assume the Malaysian government has introduced a minimum wage for workers producing computers, but not for workers producing computer accessories, ceteris paribus. (a) Using demand and supply analysis, what effect would the implementation of the minimum wage have on the computer labour market? (b) Using demand and supply analysis, discuss the likely effect on short-term prices in the computer product market and the computer accessories product market after the implementation of the minimum wage, ceteris paribus. Assume the Malaysian government has introduced a minimum wage for workers producing computers, but not for workers producing computer accessories, ceteris paribus. (a) Using demand and supply analysis, what effect would the implementation of the minimum wage have on the computer labour market? (b) Using demand and supply analysis, discuss the likely effect on short-term prices in the computer product market and the computer accessories product market after the implementation of the minimum wage, ceteris paribus.
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