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11-03-2024
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Which of the following statements accurately characterizes the effects of minimum-wage laws?
a) Those workers who remain employed are hurt by a lower wage.
b) The effects of minimum-wage laws depend strongly on the elasticity of labor demand.
c) The effects of minimum-wage laws do not depend on the elasticity of labor supply.
d) Any worker who wants to work at the minimum wage will be employed at that wage.

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