Which of the following is a possible outcome of a minimum, Ask an Expert

Economics

Which of the following is a possible outcome of a minimum wage imposed by a government??

a.? It creates a labor deficit.

b.? It eradicates the problem of unemployment from the market.

c.? It favors women and children and helps improve their standard of living.

d. ?It creates a labor surplus or unemployment.

e. ?It leads to an increase in consumer surplus.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91711323

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