15 1 pts According to the law of supply, as the price of a good increases, O sellers will produce less of the good O buyers will buy more of the good O buyers will buy less of the good O sellers will produce more of the good Question 16 1 pts What would be the most likely effect of raising the minimum wage from $10 to $15 an hour on both wages and workers in that labor market? A decrease in wages and decrease in hiring workers. A decrease in wages and increase in hiring workers. An increase in wages and decrease in hiring workers. An increase in wages and increase in hiring workers