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Suppose the government decides the equilibrium wage for steel workers is too low, thus sets a minimum wage that is higher than the equilibrium wage.
Suppose the government decides the equilibrium wage for steel workers is too low, thus sets a minimum wage that is higher than the equilibrium wage. Using our analysis of supply and demand, what will be the result? Question 5Select one: a. a decrease in the supply curve for workers b. increased employment of steel workers c. a decrease in the demand curve for workers d. increased unemployment of steel workers
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