Critics contend that imposing a minimum wage higher than the equilibrium wage in a competitive industry would:
A. Decrease the number of workers employed in that industry
B. Decrease the quantity of labor supplied to that industry
C. Increase the demand for labor in the industry
D. Increase employment in that industry
A. Decrease the number of workers employed in that industry
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Indicate whether the statement is true or false.
The US Supreme Court is the only court established by constitutional mandate.
Answer the following statement true (T) or false (F)
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a. True b. False