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Assume the market wage in industry A is $9/hour and the market wage in industry B is $12/hour and that workers are equally qualified for

Assume the market wage in industry A is $9/hour and the market wage in industry B is $12/hour and that workers are equally qualified for jobs in either industry.Assume further that all things equal, the workers in industry B would rather work in B than in A if the wages were the same.Suppose the government increases the minimum wage to $10/hour.Which of the following would you expect to occur?

a. Workers in industry B will move to industry A, resulting in higher wages and greater employment in industry A.

b. The supply of labor in industry B will increase, resulting in a lower wage and greater employment

c. The supply of labor in industry B will decrease, resulting in a higher wage and lower employment.

d. There will be fewer jobs in industry A, but the wages and employment levels in B will be unaffected.

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