Multiple Choice
Figure 9-1
This figure shows the effect of a minimum-wage law. 
-Refer to Figure 9-1. If there was a minimum wage of $4 and then the government instituted a minimum wage of $5, what would happen to employment in this market?
A) Unemployment would be unchanged.
B) Unemployment would drop by 10.
C) Unemployment would rise by 10.
D) Unemployment would rise by 20.
Correct Answer:
Verified
Correct Answer:
Verified
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