Suppose that the equilibrium wage for teachers in Minnesota is $15/hour. Also suppose that Minnesota raises its

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Suppose that the equilibrium wage for teachers in Minnesota is $15/hour. Also suppose that Minnesota raises its minimum wage to $20/hour. Because the equilibrium wage for teachers is (a) higher than Y the new minimum wage, we would expect the number of teachers employed to (b) stay the sam( at the new minimum wage. (c) There will be of teachers

Posted Date: Jul 03, 2024 03:12 PM

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Suppose that the equilibrium wage for teachers in Minnesota is $15/hour. Also suppose that Minnesota raises its

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