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What is the effect of a minimum wage set above the equilibrium wage rate? Question content area bottom Part 1 A minimum wage set above

What is the effect of a minimum wage set above the equilibrium wage rate?

Question content area bottom

Part 1

A minimum wage set above the equilibrium wage rate _______.

A.

creates more employment opportunities for low-skilled workers

B.

creates unemployment

C.

creates more prosperity among younger people

D.

increases the number of good paying jobs available to young people

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