Figure: Labor Market 
Refer to the figure. Which statement is correct?
A) A price floor set at W1 would cause a labor surplus best labeled by A.
B) A price floor set at W1 would cause a labor surplus best labeled by B.
C) A price floor set at W2 would cause a labor surplus best labeled by A.
D) A price floor set at W2 would cause a labor surplus best labeled by B.
Correct Answer:
Verified
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Figure: Minimum
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I. The increase
Q219: Which statement(s) is TRUE?
I. Price floors are
Q220: A binding price floor leads to a(n):
A)
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