If the minimum wage is set -------

A.

below the equilibriumwage, it will create shortage of labor.

B.

above the equilibriumwage, it will create unemployment.

C.

equal to the equilibriumwage, it will create shortage of labor.

D.

below the equilibriumwage, it will create unemployment.

E.

equal to the equilibriumwage, it will create surplus of labor.