Which of the following did the author suggest might disguise the employment effects of raising the minimum wage? a. Firms may substitute lower-skilled labor with capital b. Firms may substitute lower-skilled labor with higher-skilled labor c. Firms might substitute lower-skilled labor with other lower-skilled labor d. Firms may pass along higher production costs onto consumers via higher prices, decreasing the quantity demanded and hence, the quantity of labor demanded

Microeconomics A Contemporary Intro
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Chapter12: Labor Markets And Labor Unions
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Which of the following did the author suggest might disguise the employment effects of raising the minimum wage?

a. Firms may substitute lower-skilled labor with capital
b. Firms may substitute lower-skilled labor with higher-skilled labor
c. Firms might substitute lower-skilled labor with other lower-skilled labor
d. Firms may pass along higher production costs onto consumers via higher prices, decreasing the quantity demanded and hence, the quantity of labor demanded
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