Which of the following most accurately describes the impact of a price ceiling set below the equilibrium price for a good and a minimum wage set above the equilibrium wagePrice ceiling Minimum wage ()①A. Shortage Decreased unemployment ②B. Surplus Increased unemployment ③C. Shortage Increased unemployment
A. ①
B. ②
C. ③
参考答案:C
解析:
A ceiling that is below the equilibrium price for a good will result in a shortage characterized by a quantity demanded that is greater than the quantity supplied. A minimum wage leads to increased unemployment as firms tend to substitute capital for labor. Even though there are often a large number of unemployed low-skilled workers who may be willing to work at a wage lower than the minimum wage, firms cannot legally hire them.