Which of the following is correct?
A)Studies of the effects of the minimum wage typically find that a 10 percent increase in the minimum wage raises the average wage of teenagers by 10 percent.
B)The drop in teenage employment caused by a 10 percent increase in the minimum wage is not significant.
C)The minimum wage is more often binding for teenagers than for other members of the labor force.
D)All firms consistently enforce minimum-wage laws.

Question

Quizplus · Accepted Answer

The minimum wage is more often binding for teenagers because they are more likely to be employed in low-wage jobs where the minimum wage is applicable.

Which of the Following Is Correct