The following figure shows the labor demand curve, LD₁, and labor supply curve, LS₁, in a market.
-Refer to the figure above.If the government fixes the minimum wage rate at $25,the unemployment in the market will be ________.
A) 0 units of labor
B) 10 units of labor
C) 20 units of labor
D) 30 units of labor
Correct Answer:
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