-In the Figure Above, D₀ Is the Demand for Labor

question 318

Multiple Choice

-In the figure above, D₀ is the demand for labor curve. Imposing a minimum wage of $3 per hour will

• A) have no effect on the market.
• B) result in unemployment.
• C) result in a labor shortage.
• D) immediately shift the demand curve to D₁.

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