Figure 28-2 
-Refer to Figure 28-2. If the minimum wage rose from $6 to $7, what would happen to unemployment?
Definitions:
TAM
Total available market; the total market demand for a product or service.
Total Available Market
The overall revenue opportunity available or total demand for a product or service within a market.
Entrepreneur-Intended
Describes a person or action deliberately aimed at creating new ventures or businesses, typically with a plan and intention to grow.
Market Sizing
A method of estimating the number of potential customers and possible revenue or profitability of a product or service.
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