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Figure 20-3 -Refer to Figure 20-3.If the Government Imposes a Minimum Wage

Question 168

Multiple Choice

Figure 20-3
Figure 20-3 -Refer to Figure 20-3.If the government imposes a minimum wage above Wₒ,it is likely to A) increase employment to a level above Qₒ. B) reduce employment to a level below Qₒ. C) provide more income to the working poor than they collectively received before the minimum wage was set. D) have no effect on employment.
-Refer to Figure 20-3.If the government imposes a minimum wage above Wₒ,it is likely to

A) increase employment to a level above Qₒ.
B) reduce employment to a level below Qₒ.
C) provide more income to the working poor than they collectively received before the minimum wage was set.
D) have no effect on employment.

Correct Answer: