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True or false? When a binding minimum wage is imposed, whether the total earning increases or not depends on the price elasticity of demand ()
True or false? When a binding minimum wage is imposed, whether the total earning increases or not depends on the price elasticity of demand () at equilibrium. If || < 1, the total earning decreases. If || > 1, the total earning increases
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International economics
Authors: Robert J. Carbaugh
13th Edition
978-1439038949, 1439038945, 978-8131518823
