Question
If the market equilibrium wage rate for fast food workers is $12 per hour and the government imposes a minimum wage rate of $17 per
If the market equilibrium wage rate for fast food workers is $12 per hour and the government imposes a minimum wage rate of $17 per hour, an economist would expect this to lead to
Group of answer choices
All of the choices are correct
Some increase in unemployment for fast food workers and others with market equilibrium wage rates below the new minimum wage rate
some of the higher costs to be passed on to consumers of fast food
more people applying for jobs at fast food restaurants now that the pay is higher
an increase in automation in the fast food industry over time
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