What is the most direct way that increasing the minimum wage can lead to more government revenue? It causes inflation, which is known to be an effective economic stimulator
It reduces purchasing power, so the government makes money on savings interest.
O It encourages spending, which increases other kinds of tax revenue.
O It increases the amount of taxes paid through payroll and personal income taxes
Mark this and return
Save and Exit
Subs

Martha is one producer in the perfectly competitive jelly industry. last year, martha and all of her competitors found themselves earning economic profits. if there is free entry and exit, what do you expect to happen to the number of suppliers in the industry and the price of jelly? the number of suppliers will increase, and the price of jelly will fall. the number of suppliers will decrease, and the price of jelly will increase. the number of suppliers will increase, and the price of jelly will increase. the number of suppliers will decrease, and the price of jelly will fall.