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

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