单选题
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 wage? Price ceiling Minimum wage ①A. Shortage Decreased unemployment ②B. Surplus Increased unemployment ③C. Shortage Increased unemployment
【正确答案】
C
【答案解析】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.