Which of the following will most likely occur with a 20 percent increase in the minimum wage?

a. higher unemployment rates among experienced and skilled workers

b. higher unemployment rates among young and low-skilled workers

c. lower unemployment rates for young and low-skilled workers

d. the price floor (minimum wage) will be binding in the young and low-skilled labor market but not in the experienced and skilled labor market

e. both

(b) and (d)