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Figure 28-5 Refer to Figure 28-5.If the Minimum Wage Is Set at Is

Question 1

Multiple Choice

Figure 28-5 Figure 28-5 Refer to Figure 28-5.If the minimum wage is set at $125,then A) the quantity of labor demanded will equal 20. B) the quantity of labor supplied will equal 35. C) the surplus of labor will equal 25. D) unemployment will equal 10.
Refer to Figure 28-5.If the minimum wage is set at $125,then


A) the quantity of labor demanded will equal 20.
B) the quantity of labor supplied will equal 35.
C) the surplus of labor will equal 25.
D) unemployment will equal 10.

Correct Answer:

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