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Reference: Ref 11-1 (Figure: Labor Market) Refer to the Figure

Question 47

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Reference: Ref 11-1 (Figure: Labor Market) Refer to the figure. What is the unemployment rate in this market as a result of the implementation of a $10 minimum wage? A) 20 percent B) 50 percent C) 100 percent D) 25 percent Reference: Ref 11-1 (Figure: Labor Market) Refer to the figure. What is the unemployment rate in this market as a result of the implementation of a $10 minimum wage?


A) 20 percent
B) 50 percent
C) 100 percent
D) 25 percent

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