Exhibit 4-10 ​ ​

Exhibit 4-10 ​
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                  Unskilled Labor Market
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Refer to Exhibit 4-10. Suppose that the government imposes a minimum wage of $7. The minimum wage will result in a ___________ of ________ thousand unskilled workers.

A) shortage; 2
B) shortage; 3
C) surplus; 2
D) surplus; 3