FIGURE 14-5 -Refer to Figure 14-5. If This Labour Market Is Perfectly

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

A) have no effect on employment.
B) create unemployment where there previously was none.
C) increase employment from what would have initially occurred.
D) create unemployment in other minimum wage sectors.
E) increase employment in this industry but decrease it in other industries.