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Suppose there is a minimum wage under which of the

Question: Suppose there is a minimum wage. Under which of the following conditions is employment of unskilled workers reduced by the greatest amount: when labor demand is relatively inelastic or when labor demand is relatively elastic? Why? Is labor demand likely to be more elastic or inelastic in the long run? Why?

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Microeconomics: Suppose there is a minimum wage under which of the

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