Ask Question
3 September, 09:54

If adult workers and teenagers are complements, the elimination of the minimum wage for teenage workers would cause the demand for adult workers to:

+5
Answers (1)
  1. 3 September, 10:49
    0
    Increase

    Explanation:

    The elimination of minimum wage, means that the wage or "price" for teenage workers will decrease.

    Next we can use the information that both type of workers are complements. Remembering that two goods are complements if the cross price elasticity is negative. This means that if the price of one good decreases the demand for the other will increase.

    Since the price for teenage workers decreased by the elimination of minimum wage that will make the demand for adult workers to increase.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If adult workers and teenagers are complements, the elimination of the minimum wage for teenage workers would cause the demand for adult ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers