0dsdsnsa 0dsdsnsa

18-07-2017
Social Studies

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What happens to the quantity demand of labor when governments establish a minimum wage?

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Kalahira Kalahira

26-07-2017

What happens in this case is the labor market loses jobs. In the job market there is a chain of supply and demand just like there is in the product market. So what happens is the quantity of labor demanded goes down, and the quantity of labor supplied goes up. There becomes a surplus of workers who didn't get jobs and those are unemployed.

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peytonamama peytonamama

28-07-2017

The quantity demanded for labor decreases.

I am taking the plato course as we speak and this is the correct answer

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