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(Figure: the Minimum Wage) Use Figure: the Minimum Wage

Question 48

Multiple Choice

(Figure: The Minimum Wage) Use Figure: The Minimum Wage. A binding minimum wage of P3 leads to a surplus of labor of:
(Figure: The Minimum Wage)  Use Figure: The Minimum Wage. A binding minimum wage of P<sub>3</sub> leads to a surplus of labor of:   A) Q<sub>3</sub> − Q<sub>1</sub> B) Q<sub>3</sub> − Q<sub>1</sub>. C) Q<sub>3</sub> − Q<sub>2</sub> D) Q<sub>3</sub> − Q<sub>2</sub>. E) Q<sub>4</sub> − Q<sub>1</sub> F) Q<sub>4</sub> − Q<sub>1</sub>. G) Q<sub>4</sub> − Q<sub>2</sub> H) Q<sub>4</sub> − Q<sub>2</sub>.


A) Q3 − Q1
B) Q3 − Q1.
C) Q3 − Q2
D) Q3 − Q2.
E) Q4 − Q1
F) Q4 − Q1.
G) Q4 − Q2
H) Q4 − Q2.

Correct Answer:

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