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If the minimum wage is a binding price floor, then: A. the market equilibrium wage will increase. B. there will be a job for everyone
If the minimum wage is a binding price floor, then: A. the market equilibrium wage will increase. B. there will be a job for everyone who is willing to work. C. the number of workers who want to work will be greater than the number of jobs available. D. business owners will hire more workers
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Microeconomics
Authors: Michael Parkin
11th edition
133019942, 978-0133020250, 133020258, 978-0133019940
