Figure 6-13 -Refer to Figure 6-13.In This Market,a Minimum Wage of $7.25

question 209

Multiple Choice

Figure 6-13

-Refer to Figure 6-13.In this market,a minimum wage of $7.25 is

• A) binding and creates a labor shortage.
• B) binding and creates unemployment.
• C) nonbinding and creates a labor shortage.
• D) nonbinding and creates neither a labor shortage nor unemployment.

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