Employment often increases after an increase in the minimum wage because
A) more people want to work at the new, higher wage.
B) independently, labor demand increases significantly at the same time.
C) the minimum wage is below the equilibrium level of wages.
D) the labor supply curve is vertical.

Question

Quizplus · Accepted Answer

The Answer of Employment often increases after an increase in the minimum wage because
A) more people want to work at the new, higher wage.
B) independently, labor demand increases significantly at the same time.
C) the minimum wage is below the equilibrium level of wages.
D) the labor supply curve is vertical.

Employment Often Increases After an Increase in the Minimum Wage