contestada

At the minimum wage (set above the equilibrium wage),


a. all individuals who end up working are paid less than if they were paid the equilibrium wage.


b. none of the workers will lose there jobs or find themselves working fewer hours.


c. none of the individuals who end up working are paid more than if they were paid the equilibrium wage.


d. there will be fewer people working (or fewer labor hours demanded) than at the equilibrium wage.


e. none of the above

Respuesta :

livelylovely
C. None of the individuals who end up working are paid more than if the were paid the equilibrium wage.
dubeyshailja64

At the minimum wage (set above the equilibrium wage), all individuals who end up working are paid less than if they were paid the equilibrium wage. Thus the correct answer is A.

What is Equilibrium?

The state in which the economy is driven by supply and demand and other common economic factors like price and quantity is called an Economic equilibrium. 

When wages are below the equilibrium level, there is a labor shortage, which leads to an increase in wages; when wages are above the equilibrium level, there is a labor surplus, which leads to a decrease in wages.

Therefore, option A is appropriate.

Learn more about wages, here:

https://brainly.com/question/14895331

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