Which of the following would occur if minimum wage in Ottawa is above the equilibrium wage? quantity of labour demanded will be greater than quantity supplied firms hire more workers no workers are made worse off by the introduction of the minimum wage and some are made better off quantity of labour demanded will be less than quantity supplied.

Which of the following would occur if minimum wage in Ottawa is above the equilibrium wage? quantity of labour demanded will be greater than quantity supplied firms hire more workers no workers are made worse off by the introduction of the minimum wage and some are made better off quantity of labour demanded will be less than quantity supplied.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

ChapterP3: Market Structure

Section: Chapter Questions

Problem 9KC

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