Suppose a senator considers introducing a bill to legislate a minimum hourly wage of $7.50. which of the following statements are true? check all that apply. a. binding minimum wages cause frictional unemployment. b. if the minimum wage is set at $10.50, the market will not reach equilibrium. c. in the absence of price controls, a shortage puts upward pressure on wages until they rise to the equilibrium. d. in this labor market, a minimum wage of $7.50 is binding.

Jake and janelle loved to prepare gourmet meals for friends and family. they started a business of preparing theme-type dinners for friends who were having parties. to generate even more interest in the business, janelle created on her website. she posted pictures of events, and close-ups of the food they served. she encouraged patrons and others to post reviews, comments, and favorite recipes, and to share their own party ideas. her promotion became a dialogue between buyers of her service and the business. interactive promotion infomercials product placement broadcast