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-The Above Figure Illustrates the Labor Market for Fast Food

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  -The above figure illustrates the labor market for fast food restaurants in a small city in Peru. What would be the effects of a minimum wage imposed at $5.50 per hour? A)  unemployment equal to 400 hours B)  unemployment equal to 200 hours C)  a shortage of 400 hours D)  nothing because the minimum wage has no effect on the equilibrium price and quantity
-The above figure illustrates the labor market for fast food restaurants in a small city in Peru. What would be the effects of a minimum wage imposed at $5.50 per hour?

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United Nations

An international organization founded in 1945 to promote peace, security, and cooperation among countries worldwide.

Social Media

Platforms and websites that enable users to create, share content, or participate in social networking, fostering community interaction and personal expression.

News Commentators

Professionals who analyze, interpret, and discuss news events and topical issues, often on television or radio broadcasts.

Release Date

Refers to the specific day on which a product, film, album, or another item is officially made available to the public.

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