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Use the Following Diagram to Answer the Following Questions

Question 23

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) create an excess demand for labor of N<sub>1</sub> to N<sub>3</sub>. B) create an excess supply of labor of N<sub>1</sub> to N<sub>3</sub>. C) create an excess demand for labor of N<sub>2</sub> to N<sub>3</sub>. D) create an excess supply of labor of N<sub>2</sub> to N<sub>3</sub>.
-Refer to Minimum Wage. The imposition of a minimum wage would:


A) create an excess demand for labor of N1 to N3.
B) create an excess supply of labor of N1 to N3.
C) create an excess demand for labor of N2 to N3.
D) create an excess supply of labor of N2 to N3.

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