Explain how much the minimum wage was employers would still, Ask an Expert

Economics

The impact on unemployment would be greater if the demand for labor was elastic. Inelastic demand would mean that no matter explain how much the minimum wage was, employers would still be more likely to pay it. Elastic demand means the cost of labor would have a large effect on the number of workers hired.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9220260

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