[Anonymous]

It’s about CPA-03820 of Becker. It’s like:

An increase in the minimum wage:

I. Will move employers down the labor demand curve, causing the quantity of labor demanded to fall.

II. Is likely to increase the supply of labor, as more people will be willing to work for the higher wage.

and both are false.

I don’t understand the part, “Will move employers down the labor demand curve”

[mla1169]

If the employers have to pay each person more they will hire fewer people, causing the demand to go down.

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

Massachusetts CPA (non reporting) since 3/12.

[Minimorty]

Seems like both should be true. lol.

[jenuno01]

I agree… they both should be true. Weird?

Class of 2012

[Author]

Replies