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20. An increase in the minimum wage to $16.25 per hour would drive wages market equilibrium for low-level workers at Wal-Mart in poorer urban areas

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20. An increase in the minimum wage to $16.25 per hour would drive wages market equilibrium for low-level workers at Wal-Mart in poorer urban areas and would the market for the same type of workers in Williston, North Dakota. Meanwhile, abolishing agricultural price supports would lead to a Below, have no impact on; lower food prices. b. Above; have no impact on; lower food prices. c. Below, cause unemployment; higher food prices. d. Above; cause unemployment; no change in food prices. e. None of the above

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