How might a minimum wage law impact the supply and demand of workers?

A) It might result in a surplus of supply.

B) It might result in a shortage of supply.

C) It might result in lower wages for workers.

D) It might result in a lower unemployment rate.

Question

9 September, 11:25

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Answers (2)

Know the Answer?

Lorenzo Oconnor · Answer 1

A) It might result in a surplus of supply.

Savanna Boyer · Answer 2

The correct answer is

A) It might result in a surplus of supply.

How might a minimum wage law impact the supply and demand of workers?A) It might result in a surplus of supply.B) It might result in a shortage of supply.C) It might result in lower wages for workers.D) It might result in a lower unemployment rate.