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The Following Figure Shows the Labor Demand Curve, LD₁, and Labor

Question 83

Multiple Choice

The following figure shows the labor demand curve, LD₁, and labor supply curve, LS₁, in a market.
The following figure shows the labor demand curve, LD₁, and labor supply curve, LS₁, in a market. -Refer to the figure above.If the government fixes the minimum wage rate at $25,the unemployment in the market will be ________. A) 0 units of labor B) 10 units of labor C) 20 units of labor D) 30 units of labor
-Refer to the figure above.If the government fixes the minimum wage rate at $25,the unemployment in the market will be ________.


A) 0 units of labor
B) 10 units of labor
C) 20 units of labor
D) 30 units of labor

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