If the Market for Day Care Workers Is in Equilibrium

question 53

Multiple Choice

If the market for day care workers is in equilibrium at $5.00 per hour as shown in this diagram,a minimum wage of $8.00 per hour will

• A)increase unemployment by 300 workers.
• B)increase unemployment by 500 workers.
• C)increase unemployment by 600 workers.
• D)None of the above is correct.

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