Unformatted text preview: reasonable amount. The problem is that the low price creates an excess supply of workers or unemployment. As a result of the high price, workers want more hours and employers want to hire fewer workers. Since the supply is greater than the demand, there is a surplus of workers ....
View Full Document
This note was uploaded on 02/28/2012 for the course ECON EC311 taught by Professor Zahid during the Spring '12 term at ITT Tech San Dimas.
- Spring '12