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09-03-2019
Social Studies

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Economics Question: How does a minimum wage cause change in the market? Labor shortage or surplus ?

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SleepDeprivedStudent SleepDeprivedStudent

09-03-2019

A minimum wage would cause a labor shortage, because workers wouldn’t be willing to work for a minimum wage. A surplus refers to is that there is more supply of a product than there is demand for said product.

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