An increase in the minimum wage will cause a relativ... - Solved MCQs & Answer

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An increase in the minimum wage will cause a relatively large increase in unemployment among?

Aunskilled workers if the demand for labour is relatively inelastic

Bskilled workers if the demand for labour is relatively elastic

Cskilled workers if the demand for labour is relatively inelastic

Dunskilled workers if the demand for labour is relatively elastic

Correct answer

D. unskilled workers if the demand for labour is relatively elastic

Explanation

The correct answer is unskilled workers if the demand for labour is relatively elastic.

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