If the minimum wage exceeds the equilibrium wage, then
a. the quantity demanded of labor will exceed the quantity supplied.
b. the quantity supplied of labor will exceed the quantity demanded.
c. the minimum wage will not be binding.
d. there will be no unemployment.

Question

If the minimum wage exceeds the equilibrium wage, then
a. the quantity demanded of labor will exceed the quantity supplied.
b. the quantity supplied of labor will exceed the quantity demanded.
c. the minimum wage will not be binding.
d. there will be no unemployment.

If the minimum wage exceeds the equilibrium wage, then

a. the quantity demanded of labor will exceed the quantity supplied.

b. the quantity supplied of labor will exceed the quantity demanded.

c. the minimum wage will not be binding.

d. there will be no unemployment.

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If the minimum wage exceeds the equilibrium wage, then a. the quantity demanded of labor will exceed the quantity supplied. b. the quantity supplied of labor will exceed the quantity demanded. c. the minimum wage will not be binding. d. there will be no unemployment.