Figure 15-1
-Refer to Figure 15-1. If the government imposes a minimum wage of $4, then how many workers will be employed?

Name: Figure 15-1 -Refer to Figure 15-1. If the government imposes a minimum wage of $4, then how many workers will be employed?
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Question

Figure 15-1 
-Refer to Figure 15-1. If the government imposes a minimum wage of $4, then how many workers will be employed?

Quizplus · Accepted Answer

If the minimum wage is set at $4, the number of workers employed will be determined by the intersection of the demand curve for labor and the minimum wage line. According to the figure, this intersection occurs at 5000 workers.

Figure 15-1 -Refer to Figure 15-1. If the Government Imposes a Minimum