The figure given below shows the demand and supply of unskilled labor that determines the equilibrium wage rate in the labor market.The minimum wage rate at $5.15 is higher than the equilibrium wage rate at $4. 
-Refer to Figure 18-1.Which of the following distances represents the complete unemployment created by the minimum wage legislation?
A) OL3
B) L2L3
C) L2 L1
D) OL2
Correct Answer:
Verified
Q4: The disemployment effect of a minimum wage
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Q10: The figure given below shows the demand
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Q12: Consider two groups of workers both facing
Q13: A minimum wage mandated by the government
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Q15: Minimum wage laws are promoted as the
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