Which of the following is the most likely result of an increase in the minimum wage? a. a decrease in the employment of unskilled workers b. an increase in the demand for unskilled workers c. a decrease in the number of workers seeking minimum wage jobs d. an increase in the employment of unskilled workers

Microeconomics: Private and Public Choice (MindTap Course List)
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ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter4: Demand And Supply: Applications And Extensions
Section: Chapter Questions
Problem 6CQ
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Which of the following is the most likely result of an increase in the minimum wage?

a.
a decrease in the employment of unskilled workers

b.
an increase in the demand for unskilled workers

c.
a decrease in the number of workers seeking minimum wage jobs

d.
an increase in the employment of unskilled workers

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