An effective minimum wage in the competitive market for fast-food workers is likely to produce
A.
an increase in the demand for fast-food workers.
B.
a decrease in the supply of fast-food workers.
C.
a shortage of fast-food workers.
D.
a lower price of fast-food products.
E.
a surplus of fast-food workers.
Exam No： AP Micro Practice Test 4 Year：2024 Question No：53
Answer:
E
Knowledge points:
2.7 Market Disequilibrium and Changes in Equilibrium
2.8 The Effects of Government intervention in Markets
5.2 Changes in Factor Demand and Factor Supply
Solution:
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