FIGURE 14-2 -Refer to Figure 14-2. Suppose the Labour Market Is Perfectly

FIGURE 14-2
-Refer to Figure 14-2. Suppose the labour market is perfectly competitive. If a minimum wage of W4 is then established, the predicted change in the wage is

A) an increase in the wage paid.
B) a decrease in the wage paid.
C) no change in the wage paid.
D) a decrease equal to W1 - W4.
E) an increase equal to W1 - W4.