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Author Question: The three diagrams below show the supply and demand for teenage babysitters in one local area. The ... (Read 19 times)

gboileau

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on: Oct 12, 2022

The three diagrams below show the supply and demand for teenage babysitters in one local area. The initial supply curve is S0 in all cases.



FIGURE 14-3

Refer to Figure 14-3. Suppose the teenage babysitters in one local area are earning an equilibrium wage of $6 per hour. Now suppose the local government imposes a minimum wage of $8 per hour for babysitters. Which diagram illustrates the new supply curve (SA) for babysitters?


◦ Diagram 1
◦ Diagram 2
◦ Diagram 3
◦ none of the diagrams
◦ any of the diagrams
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by gboileau on Oct 12, 2022

Afvelasquez

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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gboileau

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Reply 2 on: Oct 12, 2022
Excellent

softEldritch

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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