How would increasing the minimum wage result in a decrease in employment for workers who now earn less than the new minimum wage

Part 1: Under what elasticity conditions would the following be true:

“Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage“?

Part 2: Come up with an example of diminishing marginal utility you’ve encountered recently.

The essay sections need to be at minimum 200 words each.

Answer preview for How would increasing the minimum wage result in a decrease in employment for workers who now earn less than the new minimum wage

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