# economics

posted by .

How do minimum wages affect equilibrium price?

## Similar Questions

1. ### Economics

what it meant by equilibrium in economics?
2. ### Economics

How will a new law mandating an increase in required levels of automobile insurance affect the equilibrium price and quantity in the market for new automobiles?
3. ### ECONOMICS

When does price remain below the equilibrium ?

Use the supply and demand model to explain what happens to the equilibrium price and the equilibrium quantity for frozen yogurt in the following cases. d.There is a sudden increase in the price of milk. im confused with this one.
5. ### ECONOMICS

How is the equilibrium price determined? My Answer: Equilibrium price is determined by demand and supply. How do shifts in equilibrium price occur?
6. ### economics

Select a product and for that the government places a mandated price ABOVE the equilibrium price, based on your research how would this affect the market equilibrium, explain your view.
7. ### economics

How can competition in a scarce labor market affect wages?
8. ### Math

For the pair of supply-and-demand equations, where x represents the quantity demanded in units of 1,000 and p is the unit price in dollars, find the equilibrium quantity and the equilibrium price. 2x + 9p - 93 = 0 and 3x - 14p + 108 …
9. ### Economics -- HELP!!!

If the government sets a minimum price above the equilibrium price for soybeans, which of the following statements will be correct?
10. ### Economics

How can competition in a scarce labor market affect wages?

More Similar Questions