Question: If demand for minimum-wage workers is elastic, raising the minimum wage is likely to _________. Group of answer choices reduce the quantity demanded for minimum-wage

If demand for minimum-wage workers is elastic, raising the minimum wage is likely to _________.

Group of answer choices

reduce the quantity demanded for minimum-wage labor significantly

reduce the quantity demanded for minimum-wage labor only slightly

decrease the quantity demanded for minimum-wage labor only slightly

increase the quantity demanded for minimum-wage labor significantly

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