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Author Question: FIGURE 14-5Refer to Figure 14-5. If this labour market is perfectly competitive, an increase in the ... (Read 24 times)

xxxxxxxxxxxx

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on: Oct 12, 2022

Question 1




FIGURE 14-5

Refer to Figure 14-5. Suppose the labour market is competitive. If a minimum wage of W3 is then imposed, the number of unemployed workers would be


◦ Q4 - Q2.
◦ Q3 - Q2.
◦ 0Q2.
◦ Q3 - Q1.
◦ 0Q4.

Question 2




FIGURE 14-5

Refer to Figure 14-5. If this labour market is perfectly competitive, an increase in the legislated minimum wage from W2 to W3 would


◦ create unemployment in other minimum wage sectors.
◦ increase employment from what would have initially occurred.
◦ increase employment in this labour market but decrease it in other labour markets.
◦ create unemployment where there previously was none.
◦ have no effect on employment.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by xxxxxxxxxxxx on Oct 12, 2022

romyclv

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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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xxxxxxxxxxxx

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

ryhom

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Reply 3 on: Yesterday
Wow, this really help

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