Lets connect the minimum wage model back to the supply and demand model of Chapter 8. Is

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Let’s connect the minimum wage model back to the supply and demand model of Chapter 8.

Is a minimum wage a price ceiling or a price floor? Does it create a surplus or a shortage in the labor market?  L 0 1

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Modern Principles Of Economics

ISBN: 9781429239974

2nd Edition

Authors: Tyler Cowen, Alex Tabarrok

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