The effect of imposing a minimum wage (price floor) on teenagers’ employment is most likely to be a shortage of teenagers willing to work. a fall in teenagers’ money wages. a shift to the left of the demand for downloads of Ariana Grande’s music. a surplus of teenagers willing to work.

The effect of imposing a minimum wage (price floor) on teenagers’ employment is most likely to be
a shortage of teenagers willing to work.
a fall in teenagers’ money wages.
a shift to the left of the demand for downloads of Ariana Grande’s music.
a surplus of teenagers willing to work.

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Answer

•  a surplus of teenagers willing to work. 
  Explanation:
  Minimum wage increases the willingness of more workers to supply labor at the given wages, while the willingness of employers hiring at the wages decreases. This results to a surplus of labor supply. By imposing minimum wage on teenagers employment, more teenagers will be willing to work but less companies will hire teenagers which will result to surplus of teenagers willing to work.

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