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Consider the Accompanying Figure Representing the Labor Market Below

Question 126

Multiple Choice

Consider the accompanying figure representing the labor market below. Consider the accompanying figure representing the labor market below. If a minimum wage of $12 per hour is imposed in this labor market, then: A) 200 workers will lose their jobs. B) 400 workers will earn $12 an hour. C) total earnings will rise. D) worker surplus will fall. If a minimum wage of $12 per hour is imposed in this labor market, then:


A) 200 workers will lose their jobs.
B) 400 workers will earn $12 an hour.
C) total earnings will rise.
D) worker surplus will fall.

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