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Consider the Accompanying Figure Representing the Labor Market Below

Question 122

Multiple Choice

Consider the accompanying figure representing the labor market below. Consider the accompanying figure representing the labor market below. The imposition of a $12 per hour minimum wage causes total economic surplus in this labor market to ________ by ________. A) rise; $800 B) fall; $800 C) rise; $400 D) fall; $1,600 The imposition of a $12 per hour minimum wage causes total economic surplus in this labor market to ________ by ________.


A) rise; $800
B) fall; $800
C) rise; $400
D) fall; $1,600

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