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Consider the Graph of the Labor Market Shown Below

Question 91

Multiple Choice

Consider the graph of the labor market shown below. If the government raises the minimum wage from $23 to $25:
Consider the graph of the labor market shown below. If the government raises the minimum wage from $23 to $25:   A) the total number of people employed in this market will rise by 6,000 people. B) the number of people working in this market will fall by 4,000 people. C) 2,000 people who want to work will be unemployed. D) 8,000 people who want to work will be unemployed.


A) the total number of people employed in this market will rise by 6,000 people.
B) the number of people working in this market will fall by 4,000 people.
C) 2,000 people who want to work will be unemployed.
D) 8,000 people who want to work will be unemployed.

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