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:
Brittle Star
A type of echinoderm with a central disc and five long, slender, flexible arms, known for their ability to regenerate limbs and move by wriggling their arms.
Deuterostomes
Lineage of bilateral animals in which the second opening on the embryo surface develops into a mouth; for example, echinoderms and chordates.
Radial Symmetry
A symmetrical arrangement in which body parts radiate out from a central point, common in animals like jellyfish and starfish.
Embryonic Opening
The embryonic opening refers to the blastopore, an early stage in the development of an embryo that can develop into the mouth or anus in different animal groups.
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