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Refer to the Information Provided in Figure 13

Question 222

Multiple Choice

Refer to the information provided in Figure 13.3 below to answer the questions that follow. Refer to the information provided in Figure 13.3 below to answer the questions that follow. Figure 13.3 -Refer to Figure 13.3. A minimum wage of $10 A) will lead to unemployment of 20. B) will lead to unemployment of 40. C) will lead to unemployment of 60. D) will have no effect because the minimum wage is set at the equilibrium wage and for a minimum wage to have any effect on the labor market it must be below the equilibrium wage. Figure 13.3
-Refer to Figure 13.3. A minimum wage of $10


A) will lead to unemployment of 20.
B) will lead to unemployment of 40.
C) will lead to unemployment of 60.
D) will have no effect because the minimum wage is set at the equilibrium wage and for a minimum wage to have any effect on the labor market it must be below the equilibrium wage.

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