Question 9 1 Point If the government introduces a new higher minimum wage for hotel workers which is above the equilibrium wage in the industry, this is likely to lead to A A shift in the demand for hotel workers to the right B Excess supply of labour to the hotel sector A fall in the number of people wanting to work in hotels D A lower equilibrium wage E All of the above answers are trueQuestion 10 In a totally free market economy which of the following statements is likely to be true? A Education is provided by both the government and the private sector B Health care is provided by the state Prices are set by the government D Wages are set by the government E Goods are allocated according to the price mechanism