If a fast food restaurant was one of many hiring workers, the minimum wage was $7.25 an hour, and it was paying $7.25 an hour, an increase in market demand so that the new equilibrium was $9.00 per hour would cause them to

A. lower their offering wage to $6.50 an hour.
B. pay between $7.25 and $9.00.
C. raise their offering wage to $9.00 an hour.
D. do nothing differently.


Answer: C

Economics

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