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

Question

asked Dec 25, 2021 130k views

1 Answer

Zveratko · Answer 1 · 2021-12-30T02:01:18+0000

Answer:

a. True

Step-by-step 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.