The following figure shows the labor demand curve, LD₁, and labor supply curve, LS₁, in a market.
-Refer to the figure above.If the government sets the minimum wage rate at $35,the unemployment in the market will be ________.
Definitions:
Prosthetic Limbs
Artificial devices used to replace missing extremities such as arms or legs, helping to improve the mobility and functionality for individuals.
Trademark
Brand that has been given legal protection.
Legal Protection
Safeguards provided by law to individuals, organizations, or intellectual property against unauthorized use, harm, or exploitation.
Brand Effective
A measure of how well a brand's marketing, messaging, and identity align with its goals and resonate with its target audience.
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