Attempt 1 Question 9 5 points Assume a normal supply curve

. Attempt 1 Question 9 (5 points) Assume a normal supply curve of labor. If we legislate a binding minimum wage and demand for labor is relatively inelastic, this would result in a larger unemployment effect than if labor demand was more elastic. True False Save Question 10 (5 points)

Solution

Assume a normal supply curve of Labour. If we legislate a binding minimum wage and demand for Labour is relatively inelastic, this would result in a larger unemployment effect than if Labour demand was more elastic

This statement is False.