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Use the Following Diagram to Answer the Following Questions

Question 91

Multiple Choice

Use the following diagram to answer the following questions.
Use the following diagram to answer the following questions. -Refer to Minimum Wage. As a result of the minimum wage: A) N<sub>3</sub> to N<sub>2</sub> workers are laid off. B) N<sub>1</sub> to N<sub>2</sub> workers are laid off. C) N<sub>1</sub> to N<sub>3</sub> workers are laid off. D) the demand for labor will decrease.
-Refer to Minimum Wage. As a result of the minimum wage:


A) N3 to N2 workers are laid off.
B) N1 to N2 workers are laid off.
C) N1 to N3 workers are laid off.
D) the demand for labor will decrease.

Correct Answer:

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