A minimum wage that is set below a market's equilibrium wage will result in
a. an excess demand for labor that is, unemployment.

b. an excess demand for labor, which is a shortage of workers.

c. an excess supply of labor, that is unemployment.

d. None of the above is correct.

Question

A minimum wage that is set below a market's equilibrium wage will result in
a. an excess demand for labor that is, unemployment.
 
b. an excess demand for labor, which is a shortage of workers.
 
c. an excess supply of labor, that is unemployment.
 
d. None of the above is correct.

A minimum wage that is set below a market's equilibrium wage will result in

a. an excess demand for labor that is, unemployment.

b. an excess demand for labor, which is a shortage of workers.

c. an excess supply of labor, that is unemployment.

d. None of the above is correct.

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A minimum wage that is set below a market's equilibrium wage will result in a. an excess demand for labor that is, unemployment. b. an excess demand for labor, which is a shortage of workers. c. an excess supply of labor, that is unemployment. d. None of the above is correct.