Question

what happens when wages are set above the equilibrium level by law?

A.) Firms tend to try to break the law and hire people at the equilibrium level
B.) Firms employ more workers than they would at equilibrium wage
C.) Firms employ fewer workers than they would at the equilibrium wage
D.) firms hire more workers but got fewer hours than they would at the equilibrium wage

Answer 1

what happens when wages are set above the equilibrium level by law?

A.) Firms tend to try to break the law and hire people at the equilibrium level

B.) Firms employ more workers than they would at equilibrium wage ✔️✔️

C.) Firms employ fewer workers than they would at the equilibrium wage

D.) firms hire more workers but got fewer hours than they would at the equilibrium wage.

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Answer 2

Answer:

Firms employ fewer workers than they would at the equilibrium wage.

Explanation:

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