What is the impact of government failure on the price elasticities of demand? What is the impact of government failure on the price elasticities of supply?

Empirical evidence suggests that increases in the minimum wage do not result in reductions in employment among workers aged 25-54, but cause reduced employment for teenagers. This would suggest: A. the minimum wage is lower than the market-clearing wage for workers aged 25-54 B. the higher minimum wage causes a shift in supply for older age groups C. the minimum wage is lower than the market-clearing wage for teenagers

4-3  In each of the following instances, determine whether demand is elastic, inelastic, or unit-elastic. If price increases by 10 percent and quantity demanded decreases by 10 percent, demand is _______. If price decreases by 10 percent and quantity demanded increases by 5 percent, demand is _______.

How does the amount of employment created by an increase in the minimum wage depend on the elasticity of labor demand?   Group of answer choices: a. When the minimum wage increases, employment will fall by a greater amount when the demand for labor is more elastic.   b. When the demand for labor is more elastic, raising the minimum wage has no impact on employment.   c. When the demand for labor is more inelastic, raising the minimum wage has no impact on employment.   d. When the minimum wage increases, employment will fall by a greater amount when the demand for labor is more inelastic.