Figure 9-1
This figure shows the effect of a minimum-wage law.
-Refer to Figure 9-1. If there was a minimum wage of $4 and then the government instituted a minimum wage of $5, what would happen to employment in this market?
A) Unemployment would be unchanged.
B) Unemployment would drop by 10.
C) Unemployment would rise by 10.
D) Unemployment would rise by 20.

Question

Figure 9-1
This figure shows the effect of a minimum-wage law. 
-Refer to Figure 9-1. If there was a minimum wage of $4 and then the government instituted a minimum wage of $5, what would happen to employment in this market?
A) Unemployment would be unchanged. 
B) Unemployment would drop by 10. 
C) Unemployment would rise by 10. 
D) Unemployment would rise by 20.

Quizplus · Accepted Answer

The Answer of Figure 9-1
This figure shows the effect of a minimum-wage law. 
-Refer to Figure 9-1. If there was a minimum wage of $4 and then the government instituted a minimum wage of $5, what would happen to employment in this market?
A) Unemployment would be unchanged. 
B) Unemployment would drop by 10. 
C) Unemployment would rise by 10. 
D) Unemployment would rise by 20.

Figure 9-1 This Figure Shows the Effect of a Minimum-Wage Law