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A study of the effects of the minimum wage on employment of low-skilled workers estimated the price elasticity of demand for low-skilled workers is -0.75.Suppose that the government is considering raising the minimum wage from $7.25 per hour to $7.75 per hour.Based on this information, calculate the percentage change in the employment of low skilled workers.Use the midpoint formula.
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Eidetic Memory
The ability to recall images, sounds, or objects in memory with extreme accuracy and in seemingly unlimited volume.
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A series of thoughts, images, and sensations occurring in a person's mind during sleep.
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The temporary storage of visual information, retaining impressions of sensory information after the original stimuli have ended.
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