The market wage in industries A and B are $10/hour. The government raises the minimum wage from $8/hour to $12/hour. If the demand for labor is more elastic in industry A than in industry B,

a. We would expect a decrease in employment in industry A, but not in industry B.

b. We would expect decreases in employment in both industries, but the losses will be greater in industry A.

c. We would expect a decrease in employment in industry B, but not in industry A.

d. We would expect decreases in employment in both industries, but the losses will be greater in industry B.