An increase in the minimum wage will tend to cause which of the following? an upward shift in the PS curve a downward shift in the PS curve an upward shift in the WS curve a downward shift in the WS curve E. none of the above

An increase in the minimum wage will tend to cause which of the following? an upward shift in the PS curve a downward shift in the PS curve an upward shift in the WS curve a downward shift in the WS curve E. none of the above

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter4: Labor And Financial Markets

Section: Chapter Questions

Problem 1SCQ: In the labor market, what causes a movement along the demand curve? What causes a shift in the...

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Question

9. An increase in the minimum wage will tend to cause which of the following?

an upward shift in the PS curve
a downward shift in the PS curve
an upward shift in the WS curve
a downward shift in the WS curve E. none of the above

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