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Explain the phrase "under color of law."
Minimum Wage
The lowest legal hourly pay for workers, established by law or contract.
Labor Demanded
The total quantity of workers that employers are willing and able to hire at a given wage rate within a specific period, reflecting the hiring needs of firms.
Demand D1
A term that might be used in economic models or discussions to refer specifically to a particular demand curve or demand scenario.
Supply S1
Denotes a point or level of supply within a market for a specific good or service.
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