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Suppose the Current Equilibrium Wage Rate for Landscapers Is $6

Question 26

Multiple Choice

Suppose the current equilibrium wage rate for landscapers is $6.65 in Little Rock; $7.50 in St. Louis and $9.05 in Raleigh. An increase in the minimum wage to $7.50 per hour results in unemployment of landscapers in


A) Little Rock and St. Louis.
B) St. Louis and Raleigh.
C) only Little Rock.
D) only Raleigh.
E) Little Rock, St. Louis and Raleigh.

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