Refer to the above diagram. The budget line shift which moves the consumer's equilibrium position from point A to point B suggests:
A) an increase in the quantity of Y demanded.
B) a decrease in the quantity of Y demanded.
C) a leftward shift in the demand curve for Y .
D) a rightward shift in the demand curve for Y .
Ans: A) an increase in the quantity of Y demanded.
Economics
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An increase in the minimum wage
a. reduces structural unemployment. b. reduces frictional unemployment, c. increases structural unemployment. d. increases frictional unemployment.
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