Suppose the minimum wage is $14 per hour, and 1000 units of labor are hired. Then the government raises the minimum wage to $16 per hour, and 900 units are now hired. The equilibrium wage in this market is $13. Choose the correct statement.

Select one:

a.Total wages paid to workers have decreased.

b.There is no unemployment in this labor market.

c.The price elasticity of demand for labor is 0.7.

d.There is a shortage of workers at the higher wage rate.

e.The market at $16 per hour will be efficient with no deadweight loss.