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Minimum wage laws cause unemployment because the legal minimum wage is set


1. below the market wage, causing labor demand to be greater than labor supply.


2. below the market wage, causing labor demand to be less than labor supply.


3. above the market wage, causing labor demand to be greater than labor supply.


4. above the market wage, causing labor demand to be less than labor supply.

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Paramjeet Chawla
Paramjeet ChawlaLv8
19 Nov 2020
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