Question: Is it possible for the minimum wage to create low levels of unemployment, or even none at all? Explain using the concept of the

Is it possible for the minimum wage to create low levels of

Is it possible for the minimum wage to create low levels of unemployment, or even none at all? Explain using the concept of the firm's elasticity of labor demand.

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Yes it is possible for the minimum wage to create low levels of unemployment or even none at all depending on various factors including the elasticity ... View full answer

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