Exhibit 4-10 ​ ​

Exhibit 4-10 ​
​

                  Unskilled Labor Market
​
​
Refer to Exhibit 4-10. Suppose that the government imposes a minimum wage of $7. How many fewer unskilled workers would be employed at the minimum wage, compared to the number that would be employed at the equilibrium wage?

A) 2,000
B) 3,000
C) 4,000
D) 5,000
E) 7,000