Why doesn’t the elasticity of labor supply matter for the effects of changes in the real minimum wage on employment? and

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answerhappygod
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Why doesn’t the elasticity of labor supply matter for the effects of changes in the real minimum wage on employment? and

Post by answerhappygod »

Why doesn’t the elasticity of labor supply matter for the
effects of changes in the real minimum wage on employment?
and
If prices increase, what will happen to the level of
unemployment when there is a binding minimum wage?
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