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Glendale ECON 101 -How Does The Minimum Wage Increase

Submitted by • January 17, 2019

1)Please read the article and give short answers...

Please read the article:

1) How does the minimum wage increase in California to $15.00 by 2022 affect laborers and businesses?

2) Is there a better way to compromise on a minimum wage? What should the wage be today?

3) What do you consider livable wage?

4) How did you calculate that wage?

2)Please read the article:

1) What supply factors are causing the price of beef to continually increase?

2) If we see a continual price increase in beef, it will only lead to a beef surplus thereby creating a market failure. What factors of demand are needed to re-balance the beef market?

3) Think of your own meat consumption. Has the price of beef changed your behavior to consumer more chicken? If so, why? If not, why not?


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Voted by Admiiin

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