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Assume that the demand for unskilled workers is inelastic. What will the imposition of an effective minimum wage do? Group of answer choices A. Increase
Assume that the demand for unskilled workers is inelastic. What will the imposition of an effective minimum wage do? Group of answer choices A. Increase total income of minimum wage earners and, as time passes, increase unemployment B. Increase total income of minimum wage earners and, as time passes, decrease unemployment C. Decrease total income of minimum wage earners and, as time passes, increase unemployment D. Decrease total income of minimum wage earners and, as time passes, decrease unemployment
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