​Figure 52

Multiple Choice

​Figure 5.2. The figure shows the supply and demand curves of a firm.
-Which of the following is a possible outcome of a minimum wage imposed by a government?​

A) ​It leads to an increase in consumer surplus.
B) ​It favors women and children and helps improve their standard of living.
C) ​It eradicates the problem of unemployment from the market.
D) ​It creates a labor surplus or unemployment.
E) ​It creates a labor deficit.