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Business, 21.03.2020 04:29 weeblordd

Suppose that the equilibrium wage for teachers in Wisconsin is $15/hour. Also suppose that Wisconsin raises its minimum wage to $14/hour. Because the equilibrium wage for teachers is (a) higher than the new minimum wage, we would expect the number of teachers employed to (b) stay the same at the new minimum wage. (c) There will be no change in the number of teachers.

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Suppose that the equilibrium wage for teachers in Wisconsin is $15/hour. Also suppose that Wisconsin...
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