Figure 9-1 This Figure Shows the Effect of a Minimum-Wage Law

question 90

Multiple Choice

Figure 9-1
This figure shows the effect of a minimum-wage law.
-Refer to the Figure 9-1.If there was a minimum wage of $4 and then the government instituted a minimum wage of $5,what would happen to employment in this market?

• A) Unemployment would be unchanged.
• B) Unemployment would drop by 10.
• C) Unemployment would rise by 10.
• D) Unemployment would rise by 20.

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