Exhibit 4-6 Refer to Exhibit 4-6. Suppose the Minimum Wage Is Set

question 73

Multiple Choice

Exhibit 4-6

Refer to Exhibit 4-6. Suppose the minimum wage is set at $7. The result will be

• A)a surplus of unskilled workers.
• B)a shortage of unskilled workers.
• C)no effect on the market for unskilled labor.
• D)a change in the equilibrium wage rate.

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