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A country has passed a law setting a minimum wage for factory workers 5% below the equilibrium price. How will this law impact the labor market?

A country has passed a law setting a minimum wage for factory workers 5% below the equilibrium price. How will this law impact the labor market?
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A country has passed a law setting a minimum wage for factory workers 5% below the equilibrium price. How will this law impact the labor market?

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User Amaralbf
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1 Answer

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This law will impact the labor market cause of low pay rate that will stop more people from applying for that job
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User Decltype
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