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2 January, 11:20

A minimum wage above $10 per hour would prevent the labor market from reaching equilibrium. a. True b. False

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Answers (1)
  1. 2 January, 11:22
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    a. True

    Explanation:

    A minimum wage above $10 per hour is the binding minimum wage in the labour market so this would prevent the labor market from reaching equilibrium.
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