posted by .

How do minimum wages affect equilibrium price?

Respond to this Question

First Name
School Subject
Your Answer

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?

    When does price remain below the equilibrium ?
  4. economics please help

    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.

    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