Question: If the minimum wage exceeds the equilibrium wage, then: (a) the quantity demanded of labor will exceed the quantitysupplied. (b) the quantity supplied of labor

If the minimum wage exceeds the equilibrium wage, then:

(a) the quantity demanded of labor will exceed the quantitysupplied.

(b) the quantity supplied of labor will exceed the quantitydemanded.

(c) the minimum wage will not be binding.

(d) there will be no unemployment.

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