Which of the following is true when the minimum wage is raised in a competitive market, ceteris paribus?
Multiple Choice
All workers are better off.
All workers are worse off.
Some workers are better off and some are worse off.
Workers are not affected by a minimum wage increase, only by a decrease.
Answers: 3
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Which of the following is true when the minimum wage is raised in a competitive market, ceteris pari...
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