When a minimum-wage law forces the wage to remain above the level that balances supply and demand, the result is a surplus of labor.

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Adarshdeep Singh · Accepted Answer

Final Answer : True, Explanation :  When the minimum wage is set above the equilibrium wage (where supply and demand balance), it results in a surplus of labor because more people are willing to work at the higher wage than there are jobs available, leading to unemployment.

When a minimum-wage law forces the wage to remain above the level that balances supply and demand, the result is a surplus of labor.

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