Business, 02.08.2019 23:30 mprjug6

The minimum wage in 2008 was $6.55 cents until july 2008 when it was raised to $7.25. if the minimum wage in june was below the equilibrium wage and the increased wage in july was above the equilibrium wage, then the deadweight loss was greater in june than in july. firms' producer surplus was greater in june than in july. employment of low-skilled workers increased in july. unemployment was unaffected by the increase.

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The minimum wage in 2008 was $6.55 cents until july 2008 when it was raised to $7.25. if the minimum...

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