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Use the Following Diagram to Answer the Following Questions

Question 57

Multiple Choice

Use the following diagram to answer the following questions.
Use the following diagram to answer the following questions. -Refer to Minimum Wage. The imposition of a minimum wage would: A) increase the wage from W<sub>1</sub> to W<sub>2</sub>. B) decrease the wage from W<sub>2</sub> to W<sub>1</sub>. C) decrease the wage from W<sub>1</sub> to W<sub>3</sub>. D) cause the equilibrium wage to increase.
-Refer to Minimum Wage. The imposition of a minimum wage would:


A) increase the wage from W1 to W2.
B) decrease the wage from W2 to W1.
C) decrease the wage from W1 to W3.
D) cause the equilibrium wage to increase.

Correct Answer:

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