Refer to the Diagram Below, Which Shows a Competitive Low-Wage

question 19

Multiple Choice

refer to the diagram below, which shows a competitive low-wage labor market:


-Consider the diagram.Suppose the government establishes a minimum wage of $7.00 in this market.Employment would decline by _____ workers and unemployment would increase by _____ workers.

• A)20,20
• B)20,35
• C)35,20
• D)35,35

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