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DEVRY ECON 545 Week 1 DQ 2 Elasticity and the Minimum Wage


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DEVRY ECON 545 Week 1 DQ 2 Elasticity and the Minimum Wage

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What are your thoughts about minimum wage legislation? What kind of a price-control policy is this? Who gains? Who loses? Are there alternatives to this legislation for achieving the same policy objectives? What role do demand and supply elasticities play in determining outcomes?

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