CUET Economics - The market determined wage rate is 500 per month whereas the minimum wage fixed by the government is $450 per month. As a result of this government intervention, | PYQs + Solutions

CUET Economics 2025 21 May Shift 1

Economics

Easy

The wage rate will fall.

The wage rate will rise.

The wage rate will remain unaffected.

Unemployment will increase.

✅ Correct Option: 3

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CUET Economics 2025 21 May Shift 1 PYQs

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