A minimum wage in a perfectly competitive labour market which is set above the equilibrium wage, will lead to unemployme
Posted: Sun Jun 05, 2022 12:01 pm
- A Minimum Wage In A Perfectly Competitive Labour Market Which Is Set Above The Equilibrium Wage Will Lead To Unemployme 1 (55.18 KiB) Viewed 36 times
A minimum wage in a perfectly competitive labour market which is set above the equilibrium wage, will lead to unemployment. can be instituted in an attempt to exploit low-wage workers and to depress their living standards even further. which is imposed above the equilibrium wage, will lead to excess demand for labour. will normally be imposed below the