Figure 3.10 -In Figure 3.10, What Is the Result If the Government

Figure 3.10
-In Figure 3.10, what is the result if the government establishes minimum wage of $7 in this market?

A) Firms would employ 22 000 workers.
B) There would be a shortage of 3000 workers.
C) 1,000 of the employed workers would be prepared to work for $1 an hour less.
D) There would be 3000 unemployed workers.