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Subject - Economics:

Microeconomics

MCQ - 100-4110

Question:

A minimum wage in the market for fast-food workers is likely to produce

  1. an increase in the demand for fast-food workers.
  2. a decrease in the supply of fast-food workers.
  3. a shortage of fast-food workers.
  4. a decrease in the supply of fast-food workers.
  5. a surplus of fast-food workers.

Correct Answer: E

Explanation:

Minimum wages are price floors in a labor market. A surplus results.

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269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: A minimum wage in the market for fast-food workers is likely to produce , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 100-4110.

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Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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