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Question Practice

How can a minimum wage cause a surplus in the labor market?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Market Equilibrium
Question Bank

How can a minimum wage cause a...

Single Answer MCQ
Q-00089612

How can a minimum wage cause a surplus in the labor market?

1

By increasing demand for workers

2

By setting wages below market equilibrium

3

By increasing supply of jobs

4

By setting wages above market equilibrium

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