​Figure 52

Multiple Choice

​Figure 5.2. The figure shows the supply and demand curves of a firm.
-Which of the following statements is true?​

A) ​The intention of a minimum wage is to raise the wage rate for the skilled workers.
B) ​The lowest of the federal or state minimum wage levels prevails in each state.
C) ​The federal minimum wage, in the United States, is followed by all the states as their minimum wage.
D) ​The minimum wage has the greatest impact on the unskilled labor market.
E) ​The minimum wage has the greatest impact on the skilled labor market.