It is a typical economic question.
Different countries may provide different views.
Theoretically speaking, Maximum oil price will definitely increase demand,
however, the suppliers won't want to do it any more. The total market size may shrink.
So, here is the reasonable answer,
demand for oil increase? Yes, but won't be realized. Meaning, increased demand won't be satisfied.
In U.S., the Fair Labor Standards Act requires a minimum wage.
It actually increased unemployment rate.
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