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​Figure 53

Question 62

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​Figure 5.3. The figure shows the wage rate and the quantity of labor supplied in an unskilled labor market. ​Figure 5.3. The figure shows the wage rate and the quantity of labor supplied in an unskilled labor market. -The imposition of a minimum wage in the unskilled labor market creates labor surplus or unemployment.
-The imposition of a minimum wage in the unskilled labor market creates labor surplus or unemployment.

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