Business, 09.11.2019 07:31 austinhamy1

If the market equilibrium wage for entry-level fast-food workers is $10 an hour, while the minimum wage is $8, what impact does the minimum wage have in this industry?
a. the minimum wage motivates more fast-food workers to seek jobs.
b. the minimum wage has no effect in this market.
c. the minimum wage encourages fast-food companies to hire fewer workers.
d. the minimum wage increases unemployment among fast-food workers.

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If the market equilibrium wage for entry-level fast-food workers is $10 an hour, while the minimum w...

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