fukhueson@lemmy.world to News@lemmy.world · 18 days agoStudy: Increasing minimum wage does not reduce jobswww.publicnewsservice.orgexternal-linkmessage-square179fedilinkarrow-up1948arrow-down116
arrow-up1932arrow-down1external-linkStudy: Increasing minimum wage does not reduce jobswww.publicnewsservice.orgfukhueson@lemmy.world to News@lemmy.world · 18 days agomessage-square179fedilink
minus-squareSaledovil@sh.itjust.workslinkfedilinkarrow-up5·17 days agoSuppliers will charge whatever gives them the highest profit, and if their costs go up by x, said optimal pricepoint goes up by x/2, assuming a linear correlation between price and demand.
Suppliers will charge whatever gives them the highest profit, and if their costs go up by x, said optimal pricepoint goes up by x/2, assuming a linear correlation between price and demand.