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Figure 4-16 -Refer to Figure 4-16. Some Policymakers Have Argued That the Argued

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Figure 4-16 Figure 4-16   -Refer to Figure 4-16. Some policymakers have argued that the government should establish a  living wage.  A living wage would provide workers a reasonable standard of living in their city or region. If a living wage of $10 per hour is established in the market pictured here, we would expect A)  employment will increase to 14 million. B)  employment will decrease to 8 million. C)  the wage will actually rise to $20 per hour. D)  there will be a surplus of 14 million workers.
-Refer to Figure 4-16. Some policymakers have argued that the government should establish a "living wage." A living wage would provide workers a reasonable standard of living in their city or region. If a living wage of $10 per hour is established in the market pictured here, we would expect


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