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REPUBLICANS ARGUE THAT LABOR DEMAND IS ____, SO ____ JOBS WILL BE LOST WHEN THE MINIMUM...

REPUBLICANS ARGUE THAT LABOR DEMAND IS ____, SO ____ JOBS WILL BE LOST WHEN THE MINIMUM WAGE IS RAISED..

A) ELASTIC; MANY

B) INELASTIC; FEW

C) INELASTIC; MANY

D) ELASTIC; FEW

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Answer #1

If the jobs are elastic then only many jobs will be lost if the minimum wages are raises o else people will be forced to pay a higher wage in the market. The answer is "A".

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