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    Foundations of Macroeconomics
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    Exam 7: Government Actions in Markets
  5. Question
    The Figure Above Shows Supply and Demand in the Market
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The Figure Above Shows Supply and Demand in the Market

Question 167

Question 167

Multiple Choice

   The figure above shows supply and demand in the market for labor. The government introduces a minimum wage of $7 per hour. -The figure above shows that the lowest wage rate for which someone is willing to work is A)  $3 an hour. B)  $5 an hour. C)  $6 an hour. D)  $7 an hour. E)  $4 an hour.
The figure above shows supply and demand in the market for labor. The government introduces a minimum wage of $7 per hour.
-The figure above shows that the lowest wage rate for which someone is willing to work is


A) $3 an hour.
B) $5 an hour.
C) $6 an hour.
D) $7 an hour.
E) $4 an hour.

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