Question: If a minimum wage is introduced that is above the equilibrium wage rate, A. the supply of labor increases and the supply of labor curve
If a minimum wage is introduced that is above the equilibrium wage rate, A. the supply of labor increases and the supply of labor curve shifts rightward B. unemployment decreases because more workers accept jobs at the higher minimum wage rate C. the quantity of labor supplied decreases because of the increase in unemployment D. the quantity of labor demanded increases E. job search activity increases
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