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The Following Graph Illustrates a Low Wage Labor Market

question 17

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The following graph illustrates a low wage labor market. The following graph illustrates a low wage labor market.   The imposition of the $12/hour minimum wage caused the total economic surplus in the labor market to __________ by __________. A) rise;$1,012.50 B) fall;$1,012.50 C) rise;$225.00 D) fall;$1,350.00
The imposition of the $12/hour minimum wage caused the total economic surplus in the labor market to __________ by __________.


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