If the minimum wage law sets a price floor above the equilibrium wage in the market for unskilled labor, then the

A) minimum wage will create a surplus of unskilled labor.
B) minimum wage will create a shortage of unskilled labor.
C) minimum wage will not impact the unskilled labor market.
D) unskilled labor market will change, but we cannot be certain how.

A

Economics

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A) 1930s B) 2000s C) 1950s D) 1980s

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What will be an ideal response?

Economics