Joe Sabia,an Assistant Professor of Public Policy at American University

Joe Sabia,an assistant professor of public policy at American University in Washington,DC,says that a 10 percent increase in the minimum wage reduces retail employment by 1 percent and reduces employment among young workers by 3.4 percent.If President Obama is successful increasing the minimum wage by 30 percent as explained in "Obama Wants $9.50 Minimum Wage," we can expect

A) Employment to decrease by about 30 percent and prices to increase.
B) Unemployment to increase by about 30 percent and prices to decrease.
C) Retail employment to decrease by about 3 percent and young workers' employment to decrease by about 10.2 percent.