--%>

Federal minimum wage rose over equilibrium wage rate

The LEAST likely outcome, when the federal minimum wage is increased $1 over the equilibrium wage rate, that would be for the: (w) unemployment rate of teenagers and unskilled workers to rise. (x) quantity of unskilled workers supplied to increase. (y) quantity of workers demanded to fall. (z) incomes of most working class families to rise.

I need a good answer on the topic of Economic problems. Please give me your suggestion for the same by using above options.

   Related Questions in Microeconomics

  • Q : Measures of Poverty Line The poverty

    The poverty line is: (1) about $15000/year for a family of two in 2006. (2) an index which varies depending on family characteristics. (3) dependent only on the size and income of a family. (4) about $12500/year for a family of four in 2006. (5) the p

  • Q : Potential advantage of Proprietorships

    Beth and Anna each own a florist shop. After many years of rivalry, they make a decision to team up and make a partnership. The potential advantage of such a union would be that: (1) They can divide up duties and become more proficient. (2) Their partnership profits n

  • Q : Tax cutting affect the economy How does

    How does tax cuts affect the economy?

  • Q : Perfectly price elastic demand For

    For Cournot’s Spring Water the demand is perfectly price elastic at:  (i) point a. (ii) point b. (iii) point c (iv) point d. (v) point e.

    Q : Economics surpluses drives price down,

    surpluses drives price down, shortages drives them up

  • Q : Present Value of Annual Interest Rate

    When the annual interest rate is 11 percent and a small office building can be expected to lease perpetually for price of $33,000 annually, the building and also the land it sits onto have a present value of approximately: (1) $363,00

  • Q : Consistency of supply curve with

    The supply curve most consistent along with the inelastic supply of land into Antarctica is demonstrated in: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

    Q : Explain about minimum legal price A

    A minimum legal price is called a price: (1) floor. (2) guarantee. (3) foundation. (4) stabilizer. (5) subsidy. I need a good answer on the topic of Economic problems. Please give me your suggestion for the same by

  • Q : Resources flowing toward industries in

    Resources tend to flow toward industries in the long run along with: (w) lower profits for typical firms. (x) more profit for typical firms. (y) lower payments to most resource owners. (z) more stable rates of technological change.

    Q : Illustration of a strategic barrier An

    An illustration of a strategic barrier would be a: (w) high-technology firm registering a patent on their newly-designed time machine. (x) law establishing the USPS as the only mail service in the United States. (y) set of costly advertising campaigns