An effective minimum wage policy in a competitive market will increase unemployment and increase the total earnings of labor only if the demand for labor is (A) relatively inelastic (B) relatively elastic (C) unit elastic (D) greater than the supply (E) positively related to the wage rate
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Home » Business » An effective minimum wage policy in a competitive market will increase unemployment and increase the total earnings of labor only if the demand for labor is (A) relatively inelastic (B) relatively elastic (C) unit elastic (D) greater than the supply