Figure 15-1
-Refer to Figure 15-1. If the government imposes a minimum wage of $4, then how many workers will be unemployed?

Name: Figure 15-1 -Refer to Figure 15-1. If the government imposes a minimum wage of $4, then how many workers will be unemployed?
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Question

Figure 15-1 
-Refer to Figure 15-1. If the government imposes a minimum wage of $4, then how many workers will be unemployed?

Quizplus · Accepted Answer

If the minimum wage is set at $4, which is below the equilibrium wage, it will not affect the labor market, and there will be no unemployment caused by the minimum wage.

Figure 15-1 -Refer to Figure 15-1. If the Government Imposes a Minimum