The following figure shows curves for labor demand and labor supply.
-Refer to the figure above.If a minimum wage law is imposed at WL,the market clearing quantity of labor will change from ________ to ________.
A) Q₃; Q₃ (It will remain unchanged)
B) Q₃; Q₂
C) Q₅; Q₃
D) Q₃; Q₄
Correct Answer:
Verified
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