Order the answer to: If the minimum wage raises the market wage, w, but

Academic Writing business-economics Order the answer to: If the minimum wage raises the market wage, w, but

business-economics

Order the answer to: If the minimum wage raises the market wage, w, but

Question If the minimum wage raises the market wage, w, but hours worked, L, fall as a result, total wage payments, wL, may rise or fall. Use supply and demand curves to show that either outcome is possible depending on the shapes (slopes) of the supply and demand curves.
Subject business-economics
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