Multiple Choice
Use the following figure to answer the question : Figure 18-1 :
shows the demand and supply of unskilled labor that determines the equilibrium wage rate in the labor market.The minimum wage rate at $5.15 is higher than the equilibrium wage rate at $4.
-Refer to Figure 18-1.Which of the following distances represents the disemployment effect of the minimum wage?
A) L1L3
B) L2L3
C) L2 L1
D) OL2
Correct Answer:

Verified
Correct Answer:
Verified
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