Question: tell me correct option When the minimum wage is set above the equilibrium market wage, (1 Point) . there will be an excess demand for

tell me correct option

When the minimum wage is set above the equilibrium market wage, (1 Point) . there will be an excess demand for labor at the minimum wage . it will have no effect on the quantity of labor employed . the unemployment rate will fall . the unemployment rate will rise 26 An increase in Boston's income decreases her demand for cassette tapes. For her, cassette tapes are (1 Point) . a complement to any good . a substitute good. . a normal good. . an inferior good

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