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Answer the following question: Q: A minimum wage that is set below a market's equilibrium wage will result in a. an excess demand for labor

Answer the following question:

Q: A minimum wage that is set below a market's equilibrium wage will result in

a. an excess demand for labor that is, unemployment.

b. an excess demand for labor, that is a shortage of workers.

c. an excess supply of labor, that is, unemployment.

d. None of the above is correct.

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