Water Sunlight and protection
Probably, there will be a shortage of labor because Nobody likes to work with a minimum wage that is set below the equilibrium wage in the labor market. In this scenario the availability of jobs in the market will increase while the labor will decrease. If and when a minimum wage is higher than the equilibrium wage in the labor market, the labor will definitely goes high because of a good offer and in this case scenario, their will be a shortage of jobs available in the market place.
Dahil sa Elasticity Supply malalaman ng mga prudyuser kung mataas ang presyo, at kapag mataas nga ang presyo ay mas mahihikayat silang magsupply ngunit may mga limitasyon rin ito.