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-Refer to the Above Figure

Question 352

Multiple Choice

-Refer to the above figure. Suppose the government imposes a minimum wage rate of $20.00 per hour. This will likely result in A) a surplus of labor. B) a shortage of labor. C) an equilibrium in the labor market. D) an increase in the demand for labor.
-Refer to the above figure. Suppose the government imposes a minimum wage rate of $20.00 per hour. This will likely result in


A) a surplus of labor.
B) a shortage of labor.
C) an equilibrium in the labor market.
D) an increase in the demand for labor.

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