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1 . A minimum wage law set above the current market equilibrium Has no effect on the market for labor Is justified because the burden

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1 . A minimum wage law set above the current market equilibrium Has no effect on the market for labor Is justified because the burden of the law falls only on employers Creates more employment opportunities for low skil workers None of the above 2 . An increase in the price of one good can cause an increase in the demand for another good if the goods are Substitutes Complements Both necessary goods that have to be consumed together Not necessary and can therefore be cut from a consumer's budget 3 . An increase in the price of a good causes a Rightward shift in the supply curve Movement down along the demand curve Movement up along the supply curve Leftward shift in the demand curve

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