One result of a minimum wage is
A) illegal hiring of people at wages below the minimum wage.
B) more people with jobs.
C) a change in the equilibrium wage.
D) lower costs paid by firms.
E) fewer people searching for work because they realize that firms have decreased the number of people hired.

Question

Quizplus · Accepted Answer

A minimum wage can lead to illegal hiring practices as employers may seek to pay wages below the mandated minimum to reduce costs.

One Result of a Minimum Wage Is