An increase in the minimum wage could: a) reduce employment and decrease income. b) increase employment...

Question

Question

An increase in the minimum wage could:

a) reduce employment and decrease income.

b) increase employment and decrease income.

c) increase employment and increase income.

d) reduce employment and increase income.

Answer 1

Answer #1

Answer

Option d

d) reduce employment and increase income.

the increase in minimum wage decreases the amount of labor employed or demanded and the wage increases so the income of the employed increases,

Answer 2

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