Use the figure below to answer the following questions.

Figure 6.2.1
-Refer to Figure 6.2.1. If the minimum wage is set at $2 per hour, what is the level of unemployment in millions of hours?
A)50
B)40
C)20
D)10

Question

Use the figure below to answer the following questions.
  
Figure 6.2.1
-Refer to Figure 6.2.1. If the minimum wage is set at $2 per hour, what is the level of unemployment in millions of hours?
A)50 
B)40 
C)20 
D)10

Quizplus · Accepted Answer

If the minimum wage is set at $2 per hour, it is likely below the equilibrium wage, meaning there would be no unemployment caused by the minimum wage.

Use the Figure Below to Answer the Following Questions