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Author Question: -1 Refer to Figure 9-1.Based on the graph of the labor market above, if a minimum wage of $8 ... (Read 77 times)

maegan_martin

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Figure 9-1











Refer to Figure 9-1. Based on the graph of the labor market above, if a minimum wage of $8 per hour is imposed, which of the following will result?


◦ The quantity of labor demanded by firms will rise.
◦ The quantity of labor demanded by firms will fall.
◦ The unemployment rate will fall.
◦ Both The quantity of labor demanded by firms will rise and The unemployment rate will fall will occur.


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Marked as best answer by maegan_martin on Mar 16, 2019

jessicaduplan

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maegan_martin

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Reply 2 on: Mar 16, 2019
Thanks for the timely response, appreciate it


connor417

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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