Suppose that, before the mandate, the wage in this market was $2 above the minimum wage. In this case, the wage rate with the employer mandate will be in the level of unemployment. Now suppose that workers do not value the mandated benefit at all. per hour, which will lead to Which of the following statements are true under this circumstance? Check all that apply. Employees are worse off than before the mandated benefit. The supply curve of labor shifts to the left. The equilibrium quantity of labor will remain unchanged. Employers are neither better nor worse off than before the mandated benefit. The wage rate will decline by less than $3. an increase a decrease no changes in the level of employment and
Suppose that, before the mandate, the wage in this market was $2 above the minimum wage. In this case, the wage rate with the employer mandate will be in the level of unemployment. Now suppose that workers do not value the mandated benefit at all. per hour, which will lead to Which of the following statements are true under this circumstance? Check all that apply. Employees are worse off than before the mandated benefit. The supply curve of labor shifts to the left. The equilibrium quantity of labor will remain unchanged. Employers are neither better nor worse off than before the mandated benefit. The wage rate will decline by less than $3. an increase a decrease no changes in the level of employment and
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter19: Earnings And Discrimination
Section: Chapter Questions
Problem 8PA
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