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Figure 19-7 ​ ​

Question 144

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Figure 19-7
​ Figure 19-7 ​ ​ -Refer to Figure 19-7. Given demand, D1, and supply, S2, how many fewer people are employed if a minimum wage of $8 per hour is imposed on this market as compared to allowing wages to adjust to balance labor demand and labor supply? ​
-Refer to Figure 19-7. Given demand, D1, and supply, S2, how many fewer people are employed if a minimum wage of $8 per hour is imposed on this market as compared to allowing wages to adjust to balance labor demand and labor supply?

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