An increase in the minimum, Business Economics

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An increase in the minimum

An increase in the minimum wage

a. increases both the quantity demanded and the quantity supplied of labor.

b. decreases both the quantity demanded and the quantity supplied of labor.

c. increases the quantity of labor demanded but decreases the quantity of labor supplied.

d. decreases the quantity of labor demanded but increases the quantity of labor supplied.

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Business Economics: An increase in the minimum

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