Question 9 How would imposing a minimum wage above the market clearing wage affect employment in a competitive labor market? A. Employment would increase as previously unemployed workers would be more encouraged to find a job. B. Employment would increase because a higher minimum wage would create more jobs for low-skilled workers. C. Employment would increase as firms would illegally hire workers below the original competitive wage. D. Employment would be unchanged as workers are non-responsive to low wages. E. Employment would decrease as some workers who are willing to work at the lower competitive wage would no longer be able to find work