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Economics - Financial Markets 20 Online
OpenStudy (anonymous):

Some critics of the minimum wage say it hurts poor people. What do these critics say will happen when the minimum wage goes up? A. The demand for professional labor will go down. B. The demand for professional labor will go up. C. The demand for unskilled labor will go down. D. The demand for unskilled labor will go up.

OpenStudy (anonymous):

B. The demand for professional labor will go up. As people need to pay more wages to hire labours, they'd rather get more professional skilled labour for the new price.

OpenStudy (anonymous):

wouldn't that imply option C too.

OpenStudy (anonymous):

... hmmm. true... Tell me the answer when you get it. I'd go with B though.

OpenStudy (anonymous):

it was c :)

OpenStudy (anonymous):

OK thanks :D

OpenStudy (anonymous):

Its not B

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