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The Following Figure Shows Curves for Labor Demand and Labor

Question 151

Multiple Choice

The following figure shows curves for labor demand and labor supply.
The following figure shows curves for labor demand and labor supply. -Refer to the figure above.If a minimum wage law is imposed at WL,the market clearing quantity of labor will change from ________ to ________. A) Q₃; Q₃ (It will remain unchanged) B) Q₃; Q₂ C) Q₅; Q₃ D) Q₃; Q₄
-Refer to the figure above.If a minimum wage law is imposed at WL,the market clearing quantity of labor will change from ________ to ________.


A) Q₃; Q₃ (It will remain unchanged)
B) Q₃; Q₂
C) Q₅; Q₃
D) Q₃; Q₄

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